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Hard No Call Period

The period during which a convertible bond (CB) cannot be called by the issuer at all. In other words, the...

Provisional Call Protection

The unrestricted or unconditioned right of an issuer to redeem a convertible. More specifically, the bond may be redeemed without...

Pari Passu

A Latin phrase that means "on equal footing", "with equal pace", or "with equal step". Pari passu clauses are very...

Soft Call Protection

The unrestricted or unconditioned right of an issuer to redeem a convertible. More specifically, the bond may be redeemed without...

Institutional CD

A certificate of deposit (CD) that is issued by a bank or depository institution to institutional investors and other high-net-worth...

Jumbo CD

A certificate of deposit (CD) that is issued by a bank or depository institution to institutional investors and other high-net-worth...

Return To Hedged Portfolio

It is the rate which results from a cash/futures arbitrage. More specifically, it is the rate of return that an...

Junk Convertible

A convertible that is issued by a company with low or deteriorating credit quality. In other words, the issuer of...

Japanese Warrant

A warrant that belongs to the category of more than 1,700 issuers. It is a class of American-style call options...

Joint-and-Several Bond

A bond that is payable to several creditors, unconnected in interest or by judgment. In other words, such a bond...