An abbreviation for zero-coupon convertible; a convertible that comes with no annual coupon, but rather it is issued at a...
It stands for zero-balance account; a corporate checking account in which a zero balance is maintained. Differently put, this constitutes...
An abbreviation for collateralized debt obligation; a debt security that is collateralized (i.e., backed) by various types of debt obligations...
A synthetic structure that consists of a single tranche. It is simpler than a standard synthetic tranche and can be...
It stands for leveraged super senior tranche; a super-senior tranche in which only a part of the tranche notional is...
It stands for targeted amortization class; a type of bond class that has a schedule for repayment of principal which...
Planned amortization class bond; a tranche of a collateralized mortgage obligation (CMO) that converts a long-term mortgage product with irregular...
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...