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War Chest

A fund of liquid assets (cash or cash equivalents) which a company earmarks to pay for a takeover of another…

Payment-In-Kind Security

A debt instrument (security) that gives the issuer the option to pay interest (coupon) either in cash (any form of…

Liability Dividend

A dividend that is paid with some form of debt such as bond, rather than cash or stock. Sometimes, companies…

Equitize Cash

To buy an equity derivative such as an equity futures, equity forward, or synthetic equity option and collateralize it with...

CDS-Cash Basis

The difference or gap between a CDS premium and a corresponding par asset swap spread for the same reference entity....

Cash Equivalent

An asset that can be converted into cash, easily and quickly (i.e., in a relatively short period of time and...

Cash-Settled Index Participation Unit

An index participation unit which constitutes a basket product whose components are not supported by physical securities. That means this...

Cash-Orientated Repo

A repo transaction that satisfies one counterparty's need to invest cash and the other to obtain cash. It is a...

Cash Flow Waterfall

In general, it is a method to determine how the monthly interest and principal cash flows are allocated among all...

Cash-Oriented Repo

A repo transaction that satisfies one counterparty's need to invest cash and the other to obtain cash. It is a...