A bond which is payable at par to its holder on demand once the lock-out or deferment period expires. This…
It stands for municipal option put security; a municipal fixed income security (e.g., a municipal bond) that comes with a detachable…
The unit size of a convertible bond. It is amount for which a bond can be redeemed at maturity. It…
aa municipal derivative which constitutes a municipal note embedded with a derivative such as a swap, cap, option, etc. By…
An absolute return barrier note (ARBN) (a structured product) in which the coupon is linked to an underlying security or…
A straddle whereby an investor simultaneously buys two options (a call and a put) on the same stock, index, interest…
A leveraged super senior tranche (LSS tranche) in the tranche notional is synthetically leveraged using a pool of synthetic assets…
A contingent premium option in which premium is only paid at expiration date. The amount of the premium depends on…
The date on which the holder of a stock will still receive a specific dividend payment. It is the first…
An interest rate swap (IRS) whose maturity doesn’t exceed 2 years. A short-term interest rate swaps (STIRS) involves the settlement…
