A fraction of the total collateral pool (pool of underlying collateral in a securitized structure). It represents the amount of...
A floating-rate note (FRN or floater) in which coupons are reset quarterly or semi-annually to the coupon on the newly…
It stands for event risk covenant; a bond provision that requires that the bond is turned in, or redeemed, at…
The last dividend that is paid after the end of a company’s financial year. This dividend is declared at the…
An investment fraud that involves the payment of purported returns to original “investors” (the scheme organizers) or early entrants from...
A reverse repurchase (RP) agreement by which a mortgage firm sells federally guaranteed mortgage-backed securities (MBSs) to a securities dealer…
A replacement for collateralized securities that is identical in terms of type, nominal value, description and amount to the ones…
A bond that pays a rate of interest higher than an otherwise identical fixed-rate, bullet maturity bond, with the issuer…
It refers to shares bought in a private company that do not entitle their holders to current scrip issues. In…
A warrant whose ultimate payoff or redemption value is likely to be determined based on the results of an election.…