A bond which is mainly issued to refinance previously issued bonds that carry higher coupons than current market. An advance…

A mortgage that can be transferred to another borrower. This mortgage (often shortened to assumable) let a future buyer of…

A form of fraudulent tax evasion in which a firm intentionally attempts to conceal its true taxes by following deceptive...

A note in which coupon amount is determined largely or entirely by an embedded range accumulation option, and where the...

Another casual name for the accelerated cost recovery system (ACRS). It is a tax accounting technique that determines the rate...

A liquidity ratio that focuses on a company's highly liquid assets as it disregards all but the most liquid of...

The constrained right of an issuer to redeem a convertible (e.g., a convertible bond) from holders before the passage of...

The representation of the double-entry bookkeeping system such that total assets are equal to total liabilities plus capital (equity). In...

A structured product in which the autocall mechanism determines the amount of payoff (coupons), accumulated and paid on an autocall...

The last tranche in a collateralized mortgage obligation (CMO). Periodic interest accrues on an accrual tranche but no cash payments...