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Callable ZCS

A zero coupon swap (ZCS) in which the zero coupon leg has the right, without the obligation, to call off…

    Step-Down

    In the context of subprime deals, it is a provision that entails the conversion of deal structure from sequential pay…

      Clawback

      A clause in a law, contract, agreement, etc, that limits or reverses a payment or profit distribution for particular reasons.…