A bullet that pays no principal prior to a specified “targeted maturity date”. Thereafter, it pays monthly if the target…
An interest payment (coupon) that covers a shorter period than the other coupons on a bond. For example, in a…
A bullet security that pays no principal prior to a specified “targeted maturity date”. Thereafter, it pays monthly if the…
An instrument (part debt and part equity) that gives the holder the right, but not the obligation, to exchange a...
A written instrument that constitutes short-term obligations with maturities ranging from 2 to 270 days (however, most commercial paper (CP)...
A hybrid debt instrument (having the geatures of both debt and equity) that pays a fixed coupon or a specific…
A type of a step-up coupon security which gives the holder a put option at each step-up point over the…
A type of a step-down coupon security which gives the holder a put option at each step-down point over the…
A bond swap that enails swapping substitute bond issues experiencing short-tem imbalances in yield spreads. The imbalance will correct itself…
The spread that would be realized over the whole risk-free spot rate curve if a given risky security such as…