A type of debt-based derivative instrument that provides a much safer investment than asset-backed or mortgaged-backed securities. This bond is…

A company that is not large enough, or financially sound enough to qualify for listing on the major exchanges such…

A firm that generates cash in excess of what is needed to keep up its business or earning power. A…

Stock for which voting powers, preferences, and other rights are decided by the issuing firm’s board of directors after the…

A preferred stock that allows the holder to convert into common stock. It gives the holder a preference in the…

The situation or movement of the market as a whole, rather than a certain industry, sector, stock, etc. For example,…

The price of a convertible as quoted exclusive of accrued interest. That is, the accrued coupon is not not part…

It stands for currency-protected swap. A cross currency basis swap which doesn’t involve currency conversion. For example, assume short-term interest…

A certificate that is issued by a company granting the right to the holder to buy a specific number of…

The right of the holders of a given local currency to dispose of their currency holdings in exchange for goods…