In the specific context of factoring, a factor or factoring company is a financing partner that purchases a business' invoices...

A preferred stock that has its dividends set at a fixed monetary amount or a percentage of its par value...

An internal management function that focuses on three main objectives: finance (raising funds from different sources), investment (deployment of funds...

A certificate of deposit (CD) or savings account which is held in a bank or depository institution for a preset...

It stands for first-loss piece or first-loss position; a tranche that comes with the lowest priority amongst the entire set...

The fair value of a warrant is the best estimate of its worth using a set of relevant inputs at...

The amounts of money (funding) that an issuer raises through the sale of long-term securities. It represents part of an…

A structured retail product that is issued (by certain institutions, e.g., banks, insurance firms, etc.) to the public in which...

An arrangement/ instrument/ contract that represents a financial means by which a person (natural or legal) can make an investment,...

For an issuer, a fixed-income instrument is a form of debt that it is obliged to service (in terms of...