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Floating Rate Security

A financial security whose coupon rate is not fixed over its life. The coupon payments reset periodically according to a...

Current Coupon

A bond with a current coupon has an interest coupon very close to the coupons being carried on new issues...

Full Coupon

A bond with a full coupon has an interest coupon very close to the coupons being carried on new issues...

Bullet Security

A fixed-income security (usually a bond) that has no early redemption features (callability or embedded call option). Bullet securities (bullets)...

Volume-Weighted Average Price

The ratio of the value of securities traded to the total volume traded over a given period of time (usually...

Secured Deposit

A deposit that is guaranteed by the pledging of security. The bank (depositee) has to guarantee the safety of these...

Downtick Order

An execution order (specifically a tick-senstitive order) that triggers the purchase or sale of securities if the market moves down...

Exhaust Price

The price of a security (brought on margin) that exhausts the equity of a margin account. This happens when its...

High Quality Information

The information that is provided in an entity's financial statements and interim financial reports in such a way that this...

Reverse Heaven-and-Hell Security

A heaven-and-hell security that is reversed to the effect that its payments (redemption value) increase when the underlying exchange rate...