An interest rate swap (specifically an off-market swap) where one or both of the assets underlying the swap sell/sells at...
A debt instrument that promises investors (holders/ buyers) a single fixed payment on a preset future date. In other words,...
The amount by which the total interest cost associated with a bond issue exceeds the total interest payment. For example,...
The amount by which a bond's price falls below its maturity value (i.e., par value). In other words, it is...
A structured product that gives the holder an opportunity to buy an underlying asset at less than market price (i.e., with a discount)....
In connection with convertibles, it stands for discount reverse convertible; a reverse convertible which consists of a zero-coupon bond (discount bond) and a...