A bond that gives its holder a claim against financial asset (i.e., securities) rather than against real or physical assets.…

The excess of the market price of the convertible over its bond value (bond floor). It is typically expressed as…

A hypothetical distribution (dividends) to holders of consent stocks on the last day of the tax year of a company…

It stands for convertible bond option; an option that gives the holder of a convertible bond for shares of common…

A type of sale (ba’i) in which a lender sells a commodity to a borrower for more than its market…

A corporate distribution to a stockholder that is viewed by the tax authorities (such as the IRS) as a dividend…

The right of the holders of a given local currency to dispose of their currency holdings in exchange for goods…

An abbreviation collateralized mortgage obligation floating-rate note; a collateralized mortgage obligation (CMO) that pays an adjustable rate of interest that…

A type of bay’ muna’aqid (enforceable contract of sale). By definition, it is a contract of sale (ba’i) that is…

An period of time between the time a callable bond is issued and the time it can be called by…