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CRAN

An acronym for callable range accrual note, which refers to a range note (a type of structured note) that is...

Investment Asset

An asset that is held primarily by a significant number of investors and traders for investment and trading purposes. Stocks,...

Multi-Period Barrier Option

A barrier option which includes a series of individual non-contingent partial barriers. In this option, the knock-out barrier is in...

Multi-Name Credit Default Swaption

An option to buy (if a call) or sell (if a put) a prearranged multi-name credit default swap (CDS). It...

Contingent Swap

A swap agreement that kicks in or activates only upon the occurrence of a specified event, whether firm-specific (like mergers...

Uncovered Put

A put option which confers on the holder the right to buy the underlying stock at a price below the...

Contingent Premium Cap

A contingent premium option in which the option is a cap (interest rate cap), where the holder is not required...

Contingent Cap

An interest rate cap whereby the buyer of the cap pays no up-front premium. Instead, he agrees to pay a...

Commodity Warrant

A warrant that gives the holder the right to receive a fixed quantity of a certain commodity (such as wheat,...

Uncovered Call

An option strategy which is established by taking a short position in an underlying not currently owned by the position...