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FCN

It stands for fixed-coupon note; a note that provides the investor with fixed coupon payment over the course of its...

IO

It stands for interest only; one of two components (strips or tranches) of a mortgage-backed security (MBS) or other types...

DCD

It stands for dual currency deposit; a structured product that involves two different currencies. It allows a depositor to capitalize...

KO FRN

It stands for knock-out floating rate note; a barrier floating rate note in which the coupon is deactivated (knocked-out) if...

ROL

It stands for rate on line; a measure of an insurance or reinsurance company's gross profitability, which relates insurance premiums...

NMV

It stands for net market value; the market value (of an asset or broadly any economic resource) on the date...

TPR

It stands for total property return; a measure of the ungeared (un-leveraged) return that is generated by a portfolio of...

QSD

It stands for quality spread differential; the difference in quality spread as measured at two different maturities. This difference goes...

ERV

It stands for estimated rental value; the opinion of valuation experts/ valuers as to the open market rent, which on...

VRN

It stands for variable rate note; a note on which the spread varies over time depending on the change in...