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CoCo Bond

It stands for contingent convertible bond; a bond that can be converted into common stocks only when the share price...

GC Security

It stands for general collateral security; broadly, it is a category of collateralized securities (known as eligible collateral) with identical...

SC Security

It stands for special collateral security; a specifically determined and specified collateral security in a repo transaction. In this transaction,...

YTAL

It stands for yield-to-average life; the yield which is calculated using the point at which half of the bonds (known...

YTC

It stands for yield to call; the return on a callable bond which is likely to be redeemed at a...

ELN

It stands for equity-linked note; a structured equity derivative product that capitalizes on the performances of a fixed-income instrument and...

ELK Security

It stands for equity-linked security; an equity-linked debt issue whose returns are keyed to the performance of a common stock...

ELKS

It stands for equity-linked security; an equity-linked debt issue whose returns are keyed to the performance of a common stock...

PCPS

It stands for participating convertible preferred stock; a combination of a redeemable preferred stock with common stock. The resulting stock...

Hi-Lo FRN

Also, high-low FRN; a floating rate note (FRN) which is designed as a yield enhancement instrument. It has a premium...