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TRIPS

It stands for treasury rate index principal swap; an index principal swap in which the floating rate leg is based...

WAC

It stands for weighted average coupon. In general, it refers to the weighted average of the coupon payable on the...

TARN

It stands for target redemption note. A structure that terminates whenever a maturity is reached or the total amount paid...

FSG

It stands for forward shooting grid; a variant of the lattice tree methods (binomial trees/ trinomial trees) that is used...

HVCRE

It stands for high-volatility commercial real estate (high-volatility CRE); a loan (credit facility) that is extended for financing of the...

High-Volatility CRE

It stands for high-volatility commercial real estate (HVCRE); a loan (credit facility) that is extended for financing of the acquisition,...

MacPPP

A price index (introduced by The Economist in 1986) that uses the McDonald's Big Mac sandwich as a bundle of...

OAS

It stands for option-adjusted spread; the credit spread that is added over the spot rates (the Treasury spot rate curve,...

MYRAs

MYRA stands for multiyear restructuring agreement; a bank debt rescheduling tool, originally introduced in 1984-1985, which provides creditor banks of...

SGR

It stands for sustainable growth rate; the rate at which a company can organically expand without having to change its...