A variable rate note (floating rate note) that pays a floating coupon after a predetermined date; before this date the…
The upper tranche boundary that specifies, in addition to the lower tranche boundary (attachment point), a collateralized debt obligation tranche...
The lower tranche boundary that specifies, in addition to the upper tranche boundary (detachment point), a collateralized debt obligation tranche...
The tranche of a CDO (collateralized debt obligation) that has its own risk characteristics and loss-absorption priority (seniority). There are...
Broadly speaking, it is the type of risk that an entity decides to retain rather than transfer to other market...
A protected note that provides full capital protection to the holder, but the performances over the cliquet intervals are taken…
A hybrid security that combines features of a general obligation bond and a revenue bond. This bond’s obligation is payable…
It stands for earnings before interest, depreciation and amortization. By definition, it is a measure of a firm's cash flow...
A tranche that is the first, in a securitized structure, to absorb the losses and is exposed to the highest...
A written order which is signed by one person (drawer) instructing the person to whom it is addressed (drawee) to...