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Busted Convertible Bond

A convertible bond (CB) whose value is pulled down by a declining stock (its potential equity participation). In other words, the…

Bond with Warrant

A hybrid instrument that gives the holder a long position in a straight debt instrument in addition to the right (option)…

BOS Warrant

It stands for bond-over-stock warrant; an outperformance warrant in which the payout is determined based on the performance of a…

LCLN

A credit linked note (CLN) whose redemption and coupon payments are linked to a single default event and also depend…

Measurement

The determination of the monetary amount at which an asset/ liability is to be recognized in the balance sheet using...

MTN

It stands for medium term note; a corporate fixed-income security that is offered intermittently or continuously by an agent of...

Medium Term Note

A corporate fixed-income security that is offered intermittently or continuously by an agent of the issuing company. Notwithstanding the name...

Undersecured Debt

A debt that is secured by collateral whose value is less than the debtor owes (the debt). In words,  from...

PAC Schedule

Planned amortization class schedule; a principal payment schedule that is figured out by taking the minimum of the principal paydowns…

Putable Bond

A bond which is payable at par to its holder on demand once the lock-out or deferment period expires. This…