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...

An initial public offering (IPO) refers to the issuance of stock by a privately-held company to public investors for the...

Broadly speaking, an instrument is a physical or electronic document that bears an intrinsic financial or monetary value or is...

An abbreviation for index participation unit; an index-linked product that constitutes an interest in a basket of securities. It is...

A collateralized mortgage obligation (CMO) in which principal payment allocation is based on the value of a specific index. In...

A transaction that involves the sale of a given bond and the purchase of another with different features, in an...

A synthetic structure that consists of a single tranche. It is simpler than a standard synthetic tranche and can be...

A mortgage loan (fixed-rate mortgage) that pays flat interest only (IO) over an interest only period within its life (10,...

Profit that results from appreciation of the value of assets held in inventory. By nature, inventory does not relate to...