A floating-rate note (FRN or floater) in which coupons are reset quarterly or semi-annually to the coupon on the newly…
The last dividend that is paid after the end of a company’s financial year. This dividend is declared at the…
A tranche that comes with the lowest priority amongst the entire set of tranches constituting a securitized structure (CMBS structure,...
It stands for first-loss piece or first-loss position; a tranche that comes with the lowest priority amongst the entire set...
A tranche that comes with the lowest priority amongst the entire set of tranches constituting a securitized structure (CMBS structure,...
A perpetual FRN which contains a call option given to the issuer. However, if the issuer doesn’t exercise this option…
A convertible bond that is denominated in a currency other than the currency of its underlying shares. As opposed to…
A crowdfunding which involves the crowd lending to businesses (people to business/ person to business- P2B) or to persons (peer…
A situation in which a stock price drops sharply, usually as a result of unfavorable news or developments concerning the...
Bonds that were investment grade (AAA, for example) at the time of issue, but have thereafter lost their top rating...
