A loan for which a borrower is not required to pay any interest. However, a borrower will have to repay...

It stands for inverse floating rate tranche; a tranche that is created from the collateral tranche (in a CMO structure),...

It stands for inverse floating rate tranche; a tranche that is created from the collateral tranche (in a CMO structure),...

A liquid yield option note (LYON) whose principal amount was tied to the performance of the NYSE Composite Index. This…

A specific type of investment that is set apart by distinguishing attributes and features in terms of control over its...

A tranche, in a securitized structure, that receives only the interest payments on the underlying collateral (e.g., MBS, MBO, etc.)...

It stands for interest only tranche; a tranche, in a securitized structure, that receives only the interest payments on the...

A coupon that is associated with a memory (memory coupon), allowing the holder, once the instrument or product is redeemed...

A layer of loss absorption in a collateralized debt obligation (CDO) or any similar structures that is positioned between the...

A financial difficulty (mainly related to cash flows) that renders an entity (or a natural person) unable to meet debt...