A fixed-income strategy that aims at buying new cash-generating assets so that their cash inflows will be used to match…
A certificate of deposit that offers an investor the choice to combine any desired maturity and deposit size to meet…
The amount of capital provision (haircut) that a bank or financial institution makes when booking a specific transaction so that...
A floating-rate note (FRN) which has a minimum and a maximum interest rate, i.e., an embedded collar. This collar has…
The spread that would be realized over the whole risk-free spot rate curve if a given risky security such as…
A type of debt-based derivative instrument that provides a much safer investment than asset-backed or mortgaged-backed securities. This bond is…
A firm that generates cash in excess of what is needed to keep up its business or earning power. A…
A preferred stock that allows the holder to convert into common stock. It gives the holder a preference in the…
The price of a convertible as quoted exclusive of accrued interest. That is, the accrued coupon is not not part…
A reduction in the price of a brown collateral (below its market value) to penalize owners of such collateral and...