A share of common stock, commonplace in the United Kingdom, that confers rent rights, but no control rights, on its…
A provision that is usually stipulated in, or attached to, a debt instrument or swap agreement, by virtue of which…
An average rate option which gives the holder the right, but not the obligation, to sell the underlying asset, with…
The trading of options that is meant to “artificially” induce intensive trading using options volume trading and open interest, among…
The return which is earned by an actively managed portfolio in excess and over an average market return (benchmark). Active…
A floating-rate note (FRN) which has a minimum and a maximum interest rate, i.e., an embedded collar. This collar has…
An interest rate floor in which the successive floorlets cover decreasing notional principal amounts. In other words, the notional principal…
The spread that would be realized over the whole risk-free spot rate curve if a given risky security such as…
A forward contract at a forward rate that allows the holder to break or unwind the contract with an opposite…
A long-term commercial mortgage loan in which all payments of principal and interest are deferred until maturity. In this loan,…
