A private equity fund which focuses on mezzanine financing, i.e., it uses subordinated debt with some degree of equity participation…

A risk-neutral measure that is used to price derivative contingent claims such as average rate options by implementing stochastic discount…

The final stage that consummates an initial public offering, specifically when an underwriting syndicate has been assured by solid commitments…

An option that expires or pays off if the underlying hits or exceeds the outstrike price. For example, in the…

A bond (specifically a municipal bond) whose holder is exempted from paying taxes on its interest income. This bond is…

A variant on an off-market swap in which the fixed rate increases according to a predetermined schedule over the life…

A bond that is fully exempted from taxation on its interest payment. The interest income on this bond, generally issued…

An abbreviation for dynamic portfolio swap; a credit portfolio derivative, specifically a portfolio default swap in which the protection buyer may…

An action whereby the U.S. Federal Reserve (the Fed) cuts back- or taper- its bond purchases. Usually, the Fed buys…

A swap which initiates at a forward start date. The fixed rate of the swap is agreed upon at the…