A repo (repurchase agreement) that is repriced on a daily (or even intraday) basis to reflect changes in current market...
In the United Kingdom, a financial company (such as a bank, merchant bank, etc) that endorses a bill of exchange…
A bond which is mainly issued to refinance previously issued bonds that carry higher coupons than current market. An advance…
A trust fund that a company creates for the purpose of buying shares in itself for the sake and benefit…
A share of common stock, commonplace in the United Kingdom, that confers rent rights, but no control rights, on its…
A fixed-income security (investment, instrument, etc.) that is backed by mortgage loans on commercial real estate rather than residential properties...
It stands for commercial mortgage-backed security; A CMBS is a fixed-income security (investment, instrument, etc.) backed by mortgage loans on...
The return which is earned by an actively managed portfolio in excess and over an average market return (benchmark). Active…
A floating-rate note (FRN) which has a minimum and a maximum interest rate, i.e., an embedded collar. This collar has…
The spread that would be realized over the whole risk-free spot rate curve if a given risky security such as…