An insurance instrument that protects against losses caused by employees due to dishonesty, forgery or unauthorized trading. A fidelity bond…

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

A floating-rate note (FRN or floater) in which coupons are reset quarterly or semi-annually to the coupon on the newly…

A forward contract at a forward rate that allows the holder to break or unwind the contract with an opposite…

It stands for event risk covenant; a bond provision that requires that the bond is turned in, or redeemed, at…

A forward contract which allows the holder, virtually for no premium, to have a better forward rate than the pre-agreed…

The last dividend that is paid after the end of a company’s financial year. This dividend is declared at the…

A reverse repurchase (RP) agreement by which a mortgage firm sells federally guaranteed mortgage-backed securities (MBSs) to a securities dealer…

The maximum number of shares of stock (collectively known as capital stock), both preferred and common, that a company is…

The party who seeks liquidity from entering into a tawarruq (Islamic monetization). In Arabic script, mutawarriq is written: متورّق (جمع:…