The difference in basis points (BPS) that exists between two positions or rates (yields) or premiums, etc. For example, the...

It stands for bed and breakfast; the functional, but not necessarily the economic, equivalent of an overnight repurchase agreement (repo)....

A tranche of a collateralized debt obligation (CDO) for which terms and features can be customized. The CDO can also...

The sensitivity of a stock's return to the return on a relevant market index. However, securities may not be confined...

It stands for breakup value (break-up value); the market value of the components (lines of business, divisions, units, etc.) of...

The market value of the components (lines of business, divisions, units, etc.) of a firm, assumed to be sold off...

A basis point (bps) is 0.01 percentage point and equals $1,000 annually on a contract protecting $10 million of debt...

A specific type of bond that allows its holder to convert into shares, or write down the debt of, a...

A specific type of bond that allows its holder to convert into shares, or write down the debt of, a...

The percentage change in a bond price in response to changes in interest rates. In calculation, it captures bond price...