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Bond Price Volatility

The percentage change in a bond price in response to changes in interest rates. In calculation, it captures bond price...

Subordinated Convertible Debenture

A type of convertible debt in which the right to receive principal and/or interest is convertible at the discretion of…

Semi-Annual Compounding

The compounding of interest earned or paid on an interest-bearing instrument (e.g., bond, deposit, etc), or generally any type of…

Mortgage Loan Recast

Also, loan recasting/ recasting), a process involving a re-amortization of an existing loan, without changing the loan's term or interest rate....

Loan Recasting

Also, recasting/ mortgage recasting), a process involving a re-amortization of an existing loan, without changing the loan's term or interest...

Spread-Adjusted Note

A debt instrument that bears a base rate fixed or linked to a sovereign rate (Treasury rate) and a specific…

Short Bond

A bond with a short period remaining until maturity date. Bonds with less than two years to maturity are often…

Mortgage Recasting

Also, loan recasting/ recasting), a process involving a re-amortization of an existing loan, without changing the loan's term or interest rate....

Recasting

Also, loan recasting/ mortgage recasting), a process involving a re-amortization of an existing loan, without changing the loan's term or...

Underwater

An equity that has a negative value (i.e., has gone underwater). This situation arises when an asset is worth less...