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Non-Recourse Leveraged CLN

A leveraged credit linked note (LCLN) is a note that is secured by collateral posted, but for which the borrower...

MTM Repo

A repo (repurchase agreement) that is repriced on a daily (or even intraday) basis to reflect changes in current market...

Non-Recourse Leveraged Credit Linked Note

A leveraged credit linked note (LCLN) is a note that is secured by collateral posted, but for which the borrower...

ABS

It stands for asset backed security; a security that is created by means of a process called "securitization"- the creation...

Asset-Backed Security

A security that is created by means of a process called "securitization"- the creation of securities backed by pools of...

CMO Equity

The cash flow amount(s) that remains unpaid on each payment date after all payments on the collateralized mortgage obligation tranches...

FRN

It stands for floating-rate note; a medium to long-term debt obligation (note) that has its coupon rate linked to some…

FRCMO

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

Floored Floater

A floater that provides capital guarantee to the holder (it is a capital guaranteed product). It pays a yearly, semi-annually…

FROG

A floating-rate note (FRN or floater) in which coupons are reset quarterly or semi-annually to the coupon on the newly…