A collateral, in a repo transaction or CMOs, that comes in the form of a whole loan. By nature, whole...
A tranche-type bond that constitutes one of the two general parts (tranches) of a PAC-structured CMO (collateralized mortgage obligation), with...
A collateral, in a repo transaction or CMOs, that comes in the form of a whole loan. By nature, whole...
A preferred stock that doesn’t entitle the holder to be made up any passed or missed dividends (dividends that have...
A collateralized mortgage obligation that may change priority to receive principal if certain conditions are present. The principal paydown will...
A synthetic structure that consists of a single tranche. It is simpler than a standard synthetic tranche and can be...
A mortgage loan (fixed-rate mortgage) that pays flat interest only (IO) over an interest only period within its life (10,...
Profit that results from appreciation of the value of assets held in inventory. By nature, inventory does not relate to...
The price of a convertible at the time of issuance. When the issue price is equal to the bond's nominal...
The rate of return that a lender earns on loaned money, expressed as a percentage of the loaned money (or...