Another name for a floating rate note (FRN); a medium to long-term debt obligation (note) that has its coupon rate…

A fungible, negotiable instrument that represents a financial value, and is categorized into equity securities, debt securities, and derivative contracts.…

A CMO tranche in which the monthly coupon rate is typically set equal to a reference rate such as LIBOR.…

It stands for forward-starting CDO; a single-tranche CDO (an exotic CDO product) with a premium starting at a pre-specified time…

A repo rate that communicates the market participants’ economic expectations. Put another way, it is a forward rate that reflects…

It stands for floating rate tranche; a CMO tranche (or a tranche in a similar structure) in which the monthly...

It stands for floating rate tranche; a CMO tranche (or a tranche in a similar structure) in which the monthly...

An action whereby the U.S. Federal Reserve (the Fed) cuts back- or taper- its bond purchases. Usually, the Fed buys…

In general, it is the sale of goods or assets at tremendously lower or reduced prices to ensure a quick…

An insurance instrument that protects against losses caused by employees due to dishonesty, forgery or unauthorized trading. A fidelity bond…