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RAN

It stands for range accrual note; a note that pays interest only if the floating interest rate (such as LIBOR)...

PIC

It stands for paid-in capital; the full amount of an entity's capital (equity holdings) that has been paid (contributed) by...

APIC

It stands for additional paid-in capital; a part of an entity's capital that represents the value of share capital it...

ARO

It stands for average rate option; an option in which the exercise price is equal to the average of the...

MBBO

It stands for market best bid or best offer; the best bid or offer price on the simple order book...

RMVaR

It stands for relative marginal value at risk; a measure of risk (value at risk, VaR) [specifically, marginal value at...

NGU

It stands for name give-up; a practice where the identities of market participants (traders) are disclosed during post-trade processing (after...

TRS

An abbreviation for total return swap; a type of credit derivative in which the two counterparties agree to exchange the...

RTS

It stands for reduced tick spread; an interest rate futures calendar spread which involves buying near-month futures and selling far-month...

LSN

It stands for long-term structured note; a structured note whose maturity typically exceeds one year (though at times, it is...