A municipal bond in which interest and principal are backed by the full financial resources and creditworthiness of the issuing…

An average rate option or average rate forward contract which is traded in currency markets, where its underlying rate is…

A reverse repurchase (repo) agreement by which a mortgage firm sells federally guaranteed mortgage-backed securities (MBSs) to a securities dealer…

The process of raising funds by issuing unsecured low-grade, high-yield securities  (junk notes, junk bonds, etc.). This is usual at…

The ability to offset derivative contracts with positive and negative values (the so called receivables and payables exposure) to figure…

An index which consists of futures contracts on a small set of stocks related to a specific sector (such as…

A bond that confers on the issuer the option to pay interest with additional pay-in-kind (PIK) debentures (baby bonds) rather...

A swap rate is the fixed rate that the fixed rate payer, in a swap agreement, makes to the floating-rate…

A PSA range within which the underlying mortgage collateral should remain over time so that a PAC bond would stick…

A price swap contract whereby a natural gas producer sells its gas under a gas sales contract that pays a…