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…
A convertible security which constitutes a listed structured product issued by a company on its stock and embedded with a…
A floor (interest rate floor) which provides protection against interest rate downward fluctuations for a future period starting at some…
A cap (interest rate cap) which provides protection against interest rate upward fluctuations for a future period starting at some…