A negotiable instrument that is endorsed by a party that does not receive any compensation/reward in return. In other words,…

A collateralized mortage obligation (CMO) that is issued by a government agency or a government-sponsored enterprise. Speicifically, the agency or…

The yield on a taxable bond issue after income taxes are paid. It is computed as follows: after-tax yield =…

An autocallable that has a memory coupon as part of its structure. It provides its holder with early redemption at...

A structured product that is linked to the performance of an underlying being either the spot price of a single...

A type of mortgage that allows borrowers to take out loans against extra capital added into the account. In this…

In relation to autocalls or autocallable products, it is a certain percentage of the underlying’s initial spot as defined at...

A securitized product (a type of collateralized debt obligations – CDOs) that originates obligations collateralized or backed by a pool…

It stands for all-or-nothing offering; the offering of a security on the condition that its entire issue is sold. If...

A type of liability that arises unintentionally (i.e., without fault) or that is looked at without regard to fault. Typically,…