It stands for commercial mortgage backed security loan; a type of real estate loan that is collateralized by a first...
It stands for systematic risk premium; the risk premium for systematic risk. It is the risk premium against the overall...
It stands for zero-volatility spread; the spread that would be realized over the whole risk-free spot rate curve if a…
A basis point (bps) is 0.01 percentage point and equals $1,000 annually on a contract protecting $10 million of debt...
It stands for super upside note; a structured equity-linked note which is designed to allow investors to fully leverage a...
It stands for commercial mortgage-backed security; A CMBS is a fixed-income security (investment, instrument, etc.) backed by mortgage loans on...
A floating-rate note (FRN) which has a minimum and a maximum interest rate, i.e., an embedded collar. This collar has…
An abbrevaition for par equivalent CDS spread; a measure of the creditworthiness of a bond. It sets the bond’s Z-spread…
A range accrual note (RAN) that has an embedded put option. It allows the holder (investor) to put the note…
An abbreviation for participating convertible preferred stock; a combination of a redeemable preferred stock with common stock. The resulting stock receives…