A callable bond in which the coupon is significantly above current market interest rates. In other words, the bond is...
An interval between the time a callable bond is issued and the time it can be called by the issuer....
A note on which the spread varies over time depending on the change in the perceived credit risk of the...
It stands for variable rate note; a note on which the spread varies over time depending on the change in...
The ordinary type of a repo which entails that two parties enter into a contract to trade securities (bonds, stocks,...
An out-of-the-money convertible; a convertible whose underlying share price is below the conversion price. As share prices fall, the convertible's...
A synthetic structure that consists of a single tranche. It is simpler than a standard synthetic tranche and can be...
All past unpaid dividends on preferred stock containing a cumulative dividend feature. That means dividend payments on cumulative preferred stock...
A financial transaction that involves trading a security that has not yet been issued, but rather is scheduled to be...
A convertible holder indirectly owns a specific number of shares (for which the convertible bond will be exchanged eventually), but...