A phenomenon that arises when a planned amortization class (PAC) schedule is not met even if prepayments on the collateral...
It stands for non-sticky jump bond; a collateralized mortgage obligation that may change priority to receive principal if certain conditions...
It stands for contingent coupon reverse convertible; a reverse convertible in which the coupon is made contingent on a specific...
It stands for contingent convertible bond; a bond that can be converted into common stocks only when the share price...
It stands for general collateral security; broadly, it is a category of collateralized securities (known as eligible collateral) with identical...
It stands for special collateral security; a specifically determined and specified collateral security in a repo transaction. In this transaction,...
It stands for yield-to-average life; the yield which is calculated using the point at which half of the bonds (known...
It stands for yield to call; the return on a callable bond which is likely to be redeemed at a...
It stands for equity-linked note; a structured equity derivative product that capitalizes on the performances of a fixed-income instrument and...
It stands for equity-linked security; an equity-linked debt issue whose returns are keyed to the performance of a common stock...