A certificate of deposit (CD) that is issued by a bank or depository institution to institutional investors and other high-net-worth...

Generally, it is the risk that arises from changes in interest rate which impact the value of interest-bearing securities/ investments...

A situation that arises when a party to a contract or transaction has more information about it than the other...

A situation that arises when a party to a contract or transaction has more information about it than the other...

A maturity transformation that doesn't provide a full or perfect match between short-term liabilities and long-term assets (which are financed...

An interest payment on a bond that is more or less than interest payment of typical six months. This is...

A form of leverage that an entity can attain from an off-balance sheet item (asset, liability, financing activity, etc.) By...

An interest rate risk measure that captures sensitivity to changes in the interest rate yield curve (e.g. the LIBOR curve). It...

The bankruptcy costs incurred by a firm as an indirect result of the bankruptcy process such as lost sales (customers become reluctant to purchase...

The rate which results from a cash/futures arbitrage. More specifically, it is the rate of return that an investor can...