An index linked bond that pays no coupon (hence, the zero coupon), whilst repayment of its principal is linked to...
In relation to bonds, forward rate denotes the future yield on a bond (e.g., T-bond, T-note or T-bill). Simply put,...
A convertible that is associated with an embedded put option, giving the issuer the right to put it (i.e., sell...
The process that involves restoring a bond portfolio to its former position before the original swap. This may usually take...
A debt instrument (such as a bond, note, etc) in which the coupon rate depends on some multiple of the...
A covenant in a bond issue that allows a bondholder to sell, or put, a bond back to the issuer...
An asset whose market value exceeds its book value. In other words, assets such as bonds, CDOs, mortgages, are said...
A warrant which protects the issuer from a potential increase of its outstanding debt above the initial level, in the...
An interest-only bond (tranche) that receives the excess interest (difference between the coupon rate on the underlying tranches and the...
An interest-only bond (tranche) that receives the excess interest (difference between the coupon rate on the underlying tranches and the...