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XD

A symbol for ex-dividend; an interval during which a company's stock no longer carries the right to the next dividend...

OTM Warrant

An abbreviation for out-of-the-money warrant; a warrant whose exercise price exceeds the price of its underlying at a given point...

XC

A symbol for ex scrip or ex capitalization. It refers to shares bought in a private company that do not...

XAC Bond

A collateralized mortgage obligation (CMO) in which principal payment allocation is based on the value of a specific index. In...

WACC

The rate a company pays to finance its assets. The weighted average cost of capital (WACC) rate tells a firm...

WAC Interest Only

An interest only (IO) (from a fixed-rate mortgage) which allows bondholders to receive a fixed coupon while the amount of...

WAC IO

An interest only (IO) (from a fixed-rate mortgage) which allows bondholders to receive a fixed coupon while the amount of...

HIC Repo

An abbreviation for hold-in-custody repo; a form of repurchase agreement (repo) in which the borrower of cash doesn't deliver out...

PECS

An acronym for par equivalent CDS spread; a measure of the creditworthiness of a bond. It sets the bond’s Z-spread...

MLD

It stands for market-linked debenture; a structured product that constitutes a loan taken by a firm from the market that...