An abbreviation for payment in kind. It refers to interest or dividend income that is paid by a borrower through...
It stands for yield enhanced note; a type of mandatory convertible preferred which is typically issued at a zero premium...
It stands for coupon equivalent rate; also known as equivalent bond yield; the yield on a discount bond that is...
An abbreviated form for ex-dividend; an interval during which a company's stock no longer carries the right to the next...
The yield on a discount bond that is computed in the same way the yield on a coupon bond is...
It stands for weighted average coupon. In general, it refers to the weighted average of the coupon payable on the...
It stands for barrier reverse convertible; a reverse convertible that entails that the holder gives up the potential upside exposure...
It stands for commercial mortgage-backed securities (CMBS) interest only (IO). These IOs (stripped mortgage products) are coupons stripped from an...
It stands for commercial mortgage-backed securities (CMBS) interest only (IO). These IOs (stripped mortgage products) are coupons stripped from an...
It stands for fair market value; the price at which an asset or service is paid by a willing buyer...