A class of common stock (specifically known as classified stock) that enjoys less voting rights than class “A” shares. The…

A bill of exchange which is drawn on or by a bank, payable at some preset future date, to securitize…

An acronym for single-tranche collateralized debt obligation; a synthetic structure that consists of a single tranche. It is simpler than…

Arabic (عقد التبرع) for noncommutative contract or gratuitous contract. This type of contracts (aqd) is based on voluntary charitable actions/donations…

The redemption of a serial bond. Such a bond may consist of a series of bonds each with its own…

The upper and lower price boundaries within which an underwriter is expected to set the offering price in an initial…

A bond (a variable interest bond) whose coupon payment starts to increase after an initial period. It pays an initial…

A piggyback is a securities offering that combines primary and secondary shares. It is a public offering of securities that…

An Arabic term (عارية المنافع) that translates as gratuitous loan of usufruct (iqradh al-manfa’ah– إقراض المنفعة). It arose from the…

A bond that is issued as part of a municipal bond issue not exceeding an aggregate face amount of $10…