A bond which is backed by a party other than the issuer. In other words, the bond’s interest and principal…

It stands for pay-in-kind debenture; a bond that confers on the issuer the option to pay interest with additional pay-in-kind...

A bond that confers on the issuer the option to pay interest with additional pay-in-kind (PIK) debentures (baby bonds) rather...

A bond which is payable at par to its holder on demand once the lock-out or deferment period expires. This…

A type of capped floored FRN in which the capped coupon varies over the life of the note/ bond. An…

The price value of a basis point of a bond is a measure of the bond price volatility to interest…

A step-up callable bond whose initial coupon is well above market rates (for vanilla bonds) and which allows more than…

A bond in which interest and principal payments are made by home owners. Typically, it is issued by a corporate...

The last tranche in a collateralized mortgage obligation (CMO). Periodic interest accrues on an accrual tranche but no cash payments...

A bond that pays small coupons over its life, but requires a large payment of principal atmaturity. This bond, therefore, allows…