Broadly speaking, an instrument is a physical or electronic document that bears an intrinsic financial or monetary value or is...

The fixed leg of a CDO tranche constitutes the regular payments that are proportional to the difference between the tranche...

A loan whose interest rate payments change over the life of the loan. Typically, the floating interest rate is tied...

A bond that has a floating rate interest- that is, an interest rate that adjusts periodically (monthly, quarterly, semi-annually, etc.)...

A floating-rate note (FRN) that gives the bondholder the right to convert a note with a long maturity date or...

A structured product (structured certificate) that has a leverage mechanism (constant factor) and is not subject to a knock-out barrier...

A callable note that provides a fixed interest rate for its entire term. These notes allow investors to obtain higher...

Flat trading has different meanings in different contexts. In relation to bonds, it refers to the status of a bond...

In relation to fungible bonds and parent bonds, it is an event when a parent bond absorbs a fungible bond....

New bonds that are issued "further" to an existing issuance of bonds (parent bond), but as separate tranches. Eventually these...