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Uncapped Floating Rate Note

A floater (floating rate note) that has no cap. An embedded cap (a cap that is embedded) in a floater...

Uncapped Floater

A floater (floating rate note) that has no cap. An embedded cap (a cap that is embedded) in a floater...

Soft Asset

Broadly speaking, it is an asset that is intangible/ non-physical, such as goodwill, corporate reputation, brand recognition and intellectual property....

Hard Asset

In a broad context, it is a tangible or physical item or economic resource that an entity or natural person...

Sub-Prime Swap

A swap (a bond swap or a broadly an asset swap) that entails the exchange of an underwater asset (a...

Underwater Asset

An asset that is subject to indebtedness (recourse liability) that exceed its fair market value (FMV). It is an asset...

Sinking Fund Bond

A bond that contains a provision stipulating or allowing the systematic amortization/ retirement of outstanding debt (notes, bonds, preferred stocks,...

MMY

An acronym for money market yield; the interest rate (expressed as a percentage rate of return, or yield) that is,...

Sinking Fund

A required periodical (usually annual) payment that is designed to amortize a bond or preferred stock issue. In other words,...

Money Market Yield

The interest rate (expressed as a percentage rate of return, or yield) that is, or can be, earned by investing...