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Approved Deferred Share Trust

A trust fund that a company creates for the purpose of buying shares in itself for the sake and benefit…

A-Shares

A share of common stock, commonplace in the United Kingdom, that confers rent rights, but no control rights, on its…

Active Management Return

The return which is earned by an actively managed portfolio in excess and over an average market return (benchmark). Active…

Abnormal Obsolescence

The loss in value of an asset (or broadly an item) as a result of to a decrease in demand...

ABS

It stands for asset backed security; a security that is created by means of a process called "securitization"- the creation...

Asset-Backed Security

A security that is created by means of a process called "securitization"- the creation of securities backed by pools of...

Attachment Point

The lower tranche boundary that specifies, in addition to the upper tranche boundary (detachment point), a collateralized debt obligation tranche...

Auto-Callable Absolute Return Barrier Note

An absolute return barrier note (ARBN) which is generally “continously callable”- i.e., with continuous call dates. This allows the note…

Autocallable Bond

A structured fixed-income security (bond) that allows the holder an early redemption if a predefined event (early redemption event, or…

Accumulated Dividends

All past unpaid dividends on preferred stock containing a cumulative dividend feature. That means dividend payments on cumulative preferred stock…