Planned amortization class schedule; a principal payment schedule that is figured out by taking the minimum of the principal paydowns…
An absolute return barrier note (ARBN) which is generally “continously callable”- i.e., with continuous call dates. This allows the note…
A collateralized mortage obligation (CMO) that is issued by a government agency or a government-sponsored enterprise. Speicifically, the agency or…
It stands for synthetic high income equity-linked security; a structured equity-linked note (ELN) that is issued not by the company...
It stands for realized compound yield; a measure of yield that reflects the actual yield-to-maturity earned on an investment (security)....
A single-tranche CDO (an exotic CDO product) with a premium starting at a pre-specified time in the future. It involves…
A PSA range within which the underlying mortgage collateral should remain over time so that a PAC bond would stick…
An absolute return barrier note (ARBN) (a structured product) in which the coupon is linked to an underlying security or…
The price value of a basis point of a bond is a measure of the bond price volatility to interest…
It stands for moving strike convrtible bond; in Japan, it is a convertible bond in which the conversion price is…