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:…

A replacement for collateralized securities that is identical in terms of type, nominal value, description and amount to the ones…

The act or process of taking risk, whether intentionally or unintentionally. In its juristic sense, mukhatarah is a condition for…

A bond that pays a rate of interest higher than an otherwise identical fixed-rate, bullet maturity bond, with the issuer…