An interest rate swap whereby the notional principal amount grows over its time to expiration. Such a swap is particularly…

An abbreviation for liquid yield option note; a form of zero-coupon convertible bond (convertible zero-coupon bond) that was introduced by Merrill…

A type of first loss credit default swaps (FLCDS) or tranche loss credit default swaps (TLCDS) in which the reference asset…

An investment that is performing bad or not performing as expected. An example of a lemon is a promising stock…

A guts spread that is established by combining short in-the-money calls and short in-the-money puts, with all options having the…

A leveraged super senior tranche (LSS tranche) (a synthetic collateralized tranche) that is associated with a loss trigger. More specifically,...

A synthetic futures which consists of a short call and a long put: Short synthetic futures position = short call…

It stands for drop lock bond; a floating-rate bond that converts into a fixed coupon obligation when a reference interest…

A futures fund or portfolio that is managed by professional money managers (known as commodity trading advisors or CTAs for…

A floating rate note that converts into a fixed coupon obligation when a reference interest rate (or index) is traded…