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Accounting
Banking

Money Market Preferred Stock

A type of floating-rate preferred stock whose dividend payments are determined at periodic auctions carried out by the issuer rather...

Net Investment Hedge

A type of hedge that is applied to foreign currency exposure in order to eliminate or reduce the risks associated...

FVH

It stands for fair value hedge; a hedge that accounts for the changes in the fair value of a recognized...

Auto-Floor

An interest rate floor which consists of a limited string of floorlets designed to hedge future floating rate receipts, specifically...

Swap Mid-Rate

An average of a pay rate (bid rate) and a receive rate (offer rate) in an interest rate swap. A...

Mid Swap

Mid-swap (MS) is the average of bid and ask swap rates used as a benchmark for calculating total interest rate...

Accord and Satisfaction

An agreement to settle a debt for less than the amount claimed. A debtor offers to pay a lesser amount...

Ab Initio

A Latin term that means "from the beginning", "from the start", "from the first act", or "from scratch" . More...

Floored Swap

An interest rate swap in which a floor is placed under the floating rate leg to a predetermined level. The...

Breakup Value

A type of liquidation value which pertains to corporate takeover and restructuring activities. It reflects the projected price of a...