It stands for drop-lock note; a floating rate note that converts into a fixed coupon obligation when a reference interest…
It stands for protected growth security; a callable equity-linked note which provides its holder with principal protection and upside participation,...
An abbreviation for equity-linked security; an equity-linked debt issue whose returns are keyed to the performance of a common stock…
It stands for cross index basis swap; a swap to whose underlying interest rate index (usually LIBOR) the so-called quantization…
An abbreviation for certificates of deposit index, which is by definition an index that measures the 12-month average of the...
An abbreviation collateralized mortgage obligation floating-rate note; a collateralized mortgage obligation (CMO) that pays an adjustable rate of interest that…
It stands for guaranteed investment contract; a contract (an insurance contract) involving retirement plans that is entered into by an...
It stands for callable range accrual note; a debt instrument (range accrual note) where the issuer has the option (call…
An acronym for traffic-light option, which is an OTC option that belongs to the class of correlation derivatives, and which…
It stands for lender of last resort; the institution (usually a central bank or monetary agency) in a financial system...