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

A debt issue that is attached to an existing issue (a parent bond), with the same specifications (such as coupon...

A tranche that comes with the lowest priority amongst the entire set of tranches constituting a securitized structure (CMBS structure,...

The fixed leg of a CDO tranche is the present value of the amount of principal (capital) that the protection...

It stands for floating-rate note; a medium to long-term debt obligation (note) that has its coupon rate linked to some…

An abbreviation for floating-rate collateralized obligation; a collateralized mortgage obligation (CMO) that pays an adjustable rate of interest that is…

A floater that provides capital guarantee to the holder (it is a capital guaranteed product). It pays a yearly, semi-annually…

A floating-rate note (FRN or floater) in which coupons are reset quarterly or semi-annually to the coupon on the newly…

A convertible bond in which the conversion price is not predetermined but is kept floating. This bond converts into the…

A perpetual floater which contains a call option given to the issuer. However, if the issuer doesn’t exercise this option…