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Banking

Investment Grade

A grade for securities (debt securities such as bonds or notes) having a short term rating of at least A-1...

IO Strips Receivable

A strip that represents the non-principal portion of the regular payments on the underlying receivables. This constitutes a contractual right...

Interest-Only Strips Receivable

A strip that represents the non-principal portion of the regular payments on the underlying receivables. This constitutes a contractual right...

IO Strip

A financial structure/ product that is constructed by isolating the interest payment steam a debt security (debt-backed security) from the...

Interest Only Strip

A financial structure/ product that is constructed by isolating the interest payment steam a debt security (debt-backed security) from the...

Irredeemable Debenture

A debenture that does not carry a fixed maturity date. It virtually continues indefinitely as the issuer has no obligation...

Index-Based ETF

A type of ETF (exchange-traded fund) that is set up to replicate the performance or movement of an underlying index...

Index-Tracking ETF

A type of ETF (exchange-traded fund) that is set up to replicate the performance or movement of an underlying index...

Index ETF

A type of ETF (exchange-traded fund) that is set up to replicate the performance or movement of an underlying index...

Indenture

A legal agreement that reflects or covers a debt obligation or other types of obligations (e.g., purchase obligations). It is...