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Payment-In-Kind Security

A debt instrument (security) that gives the issuer the option to pay interest (coupon) either in cash (any form of…

Risky Security

A security that exposes its holder (investor) to market risk in terms of volatility as to price, rate, returns, repayment...

Consolidated Display

In electronic trading, consolidated display refers to the minimum information that must be put on public display (for traders and…

Common Stock

A security that represents an ownership interest in a publicly-held company whereby a stockholder is eligible to participate in profit…

PTS

It stands for pass-through security; a pass-through security (PT security), also a pay-through security, is a security issued out of...

Pay Through Security

A pay-through security (PT security), also a pass-through security, is a security issued out of a pool of fixed-income securities...

Pass Through Security

A pass-through security (PT security), also a pay-through security, is a security issued out of a pool of fixed-income securities...

Callable Pass-Through Security

A mortgage security (mortgage-backed security) that is created by splitting a pass-through into two classes: a callable class and a...

Dematerialization

The replacement of physical certificates of financial securities with an all-electronic system in which electronic signals or bits are assigned...

Pro-GroS

It stands for protected growth security; a callable equity-linked note which provides its holder with principal protection and upside participation,...