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CAPEX

It stands for capital expenditure and represents the amount of money expensed for long-term investments. In other words, it refers...

MLD

It stands for market-linked debenture; a structured product that constitutes a loan taken by a firm from the market that...

VM

It stands for volume momentum; a volume indicator that is calculated by finding the change in volume over a given...

ZCC

An abbreviation for zero-coupon convertible; a convertible that comes with no annual coupon, but rather it is issued at a...

ZBA

It stands for zero-balance account; a corporate checking account in which a zero balance is maintained. Differently put, this constitutes...

SUE

It stands for standardized unexpected earnings (standardized earnings surprise); an indicator of momentum valuation that relates the unexpected earnings (earnings...

VaR

It stands for value at risk; a risk measure that summarizes in a single number the overall risk (value at...

ATMS

An abbreviation for at-the-money spot; the situation in which the strike of an option is set equal to the spot rate (e.g., FX...

CDO

An abbreviation for collateralized debt obligation; a debt security that is collateralized (i.e., backed) by various types of debt obligations...

Bespoke CDO

A synthetic structure that consists of a single tranche. It is simpler than a standard synthetic tranche and can be...