An equity that has a negative value. This situation arises when an asset is worth less than the money used...
The pooling and repackaging of economic assets such as loans, bonds, and mortgages, in order to reallocate risks and obtain...
The last tranche in a collateralized mortgage obligation (CMO). Periodic interest accrues on a Z-tranche but no cash payments will...
An tranche of a collateralized mortgage obligation (CMO) that accrues by adding the interest amount to the face value of...
A mortgage debt instrument that features long-term coupons but with short maturity. Typically, super sinkers are housing bonds (single-family housing...
An asset whose market value exceeds its book value. In other words, assets such as bonds, CDOs, mortgages, are said...
The yield which is calculated using the point at which half of the bonds (known as sinking fund bonds) in...
In general, it constitutes the time between deployment of funds for a specific project/ use and the start of actual...
An OTC option (floor) that provides the holder, usually a mortgage company, with protection from a potential loss in return...
An OTC option (interest rate cap) that provides the holder, usually a mortgage company, with protection from a potential loss...