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Loan

An amount of money that is lent by a person or an entity to others (including individuals, entities, etc.) The...

Redeemable Capital

Capital that is issued, through shares, for a specific period of time to meet the issuers urgent needs of funding. Companies...

Quoted Margin

Commonly, it is the additional amount (spread) that the issuer of a debt instrument (such a bond or a floater)...

Capitalizing Bond

A bond in which a percentage of coupon payments is converted into capital (principal). In other words, the capital amount outstanding is increased over...

Dollar Duration

A duration measure that is derived from multiplying a bond's modified duration by the bond price. It is the price change for a 100 basis points change in yield....

Dollar Convexity

A convexity measure that captures the the approximate change in a bond's dollar price that is not explained by duration. Dollar convexity= convexity ×...

PN

It stands for participatory note; a note that is used by investors to gain exposure (participation in the upside) to...

P-Note

It stands for participatory note; a note that is used by investors to gain exposure (participation in the upside) to...

Participatory Note

A note that is used by investors to gain exposure (participation in the upside) to an equity investment, such as...

Everest Protected Note

A protected note (and a correlation product) which is structured to pay high annual coupon (10% or more) linked to worst performing stock in a well-diversified basket of 10-15 blue...