It stands for protected growth security; a callable equity-linked note which provides its holder with principal protection and upside participation,...
An abbreviation for equity-linked security; an equity-linked debt issue whose returns are keyed to the performance of a common stock…
It stands for zero-coupon tranche; an alternative term for principal only tranche; a tranche, part of an IO/ OP structure,...
An abbreviation for certificates of deposit index, which is by definition an index that measures the 12-month average of the...
An abbreviation collateralized mortgage obligation floating-rate note; a collateralized mortgage obligation (CMO) that pays an adjustable rate of interest that…
It stands for callable range accrual note; a debt instrument (range accrual note) where the issuer has the option (call…
In relation to synthetic CDOs (collateralized debt obligations) where credit exposure is gained through credit default swaps (CDSs), it is...
An abbreviation for deferred-interest bond; a special type of deferred-coupon bond in which coupon interest is deferred for a specified…
A common method of payment that is used in international transactions to facilitate trade by extending credit to banks’ clients.…
The capital of a bank or financial institution that consists of paid-in capital, capital reserve, surplus reverse, general reserve, undistributed...