An option whose payoff is partially based on the movement of its underlying asset from initial cash price to the…

An interest rate swap in which the floating rate is set in arrears. This means, the floating rate is determined…

The closing price for an initial public offering (IPO) on the first day its securities trade on an exchange (secondary…

A fungible, negotiable instrument that represents a financial value, and is categorized into equity securities, debt securities, and derivative contracts.…

A public shell corporation whose shares trade on the Pink Sheets, i.e., it is listed by the National Quotation Bureau…

In the context of Islamic financial accounting, a liability is recognized in the balance sheet (statement of financial position) when…

A CMO tranche in which the monthly coupon rate is typically set equal to a reference rate such as LIBOR.…

A securities offering whereby one or more parties invest in a new business by securing enough funds to start and…

It stands for forward-starting CDO; a single-tranche CDO (an exotic CDO product) with a premium starting at a pre-specified time…

With respect to quoting audit fees by an auditor, it refers to the practice of quoting a low fee (usually…