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Whole Loan Repo

A term repo transaction that is collateralized by a loan or other form of obligation (e.g. mortgage receivables) rather than...

Bond Discount

The amount by which a bond's price falls below its maturity value (i.e., par value). In other words, it is...

Bond Premium

The amount by which a bond’s price exceeds its maturity value (i.e., par value). In other words, it is the…

Warrant

A public option that is issued by one seller and potentially purchased by many investors at a specific, within a...

Bond Points

A bond point is worth $10; it is a unit of measure for bond prices that is set at $10...

Bond Price

The price that investors pay, or are willing to pay, for a bond. Intrinsically, bond prices are linked to the...

Maturity Mismatch

A maturity transformation that doesn't provide a full or perfect match between short-term liabilities and long-term assets (which are financed...

Imperfect Maturity Transformation

A maturity transformation that doesn't provide a full or perfect match between short-term liabilities and long-term assets (which are financed...

Refinancing Wall

The period in which many existing debt arrangements come due or approach maturity. For example, loans, bonds, and leveraged buyout...

Debt Maturity Wall

The period in which many existing debt arrangements come due or approach maturity. For example, loans, bonds, and leveraged buyout...