A floater that can be given back to the issuer by the holder at put price before maturity date. In...
The quoted price of a bond. Adding accrued interest to the quoted price gives the so-called dirty price. The dirty...
A bond that was issued on the Spanish market, denominated in a currency other than the peseta. In this sense,...
A tranche (specifically, a CMO tranche) that is designed to protect investors from prepayment risk. To that end, it absorbs...
The running yield on a convertible is similar to the dividend yield on a share of stock. It is calculated...
A bond which is payable at par to its holder on demand once the lock-out or deferment period expires. This...
A convertible bond that is embedded with a put provision. In other words, it allows the bondholder to put or...
The actual return a bondholder will receive on the bond, based on its current market price. It is given by:...
A rate-adjustable debt instrument that has a coupon rate that adjusts periodically at a specific spread over a non-money market...
The yield which is calculated using the point at which half of the bonds (known as sinking fund bonds) in...