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Consent Dividend

A hypothetical distribution (dividends) to holders of consent stocks on the last day of the tax year of a company…

Constructive Dividend

A corporate distribution to a stockholder that is viewed by the tax authorities (such as the IRS) as a dividend…

CMO FRN

An abbreviation collateralized mortgage obligation floating-rate note; a collateralized mortgage obligation (CMO) that pays an adjustable rate of interest that…

Call Protection Period

An period of time between the time a callable bond is issued and the time it can be called by…

SS Tranche

It stands for super senior tranche; a senior CDO tranche that ranks at the very top of a CDO (collateralized...

CRAN

It stands for callable range accrual note; a debt instrument (range accrual note) where the issuer has the option (call…

Commodity Interest-Indexed Bond

An interest-indexed bond in which the coupon rate is linked to the price of a certain commodity such as oil,…

Unfunded Super Senior Tranche

A synthetic CDO tranche in which the CDO investor doesn't pay the notional amount of the tranche at inception, that...

Super Senior Tranche

A senior CDO tranche that ranks at the very top of a CDO (collateralized debt obligation) issue. Given its utmost,...

Unfunded CDO

In relation to synthetic CDOs (collateralized debt obligations) where credit exposure is gained through credit default swaps (CDSs), it is...