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Investment Value of a Convertible

The value of a convertible bond (CB) without its conversion feature, i.e., only as a straight bond. The investment value...

Interest-Indexed Bond

An index linked bond (historically issued in Australia in the 1980s) that pays a fixed real coupon, with the fixed...

Indicated Dividend

The projected annual dividend on a share of stock for the next year, assuming that the firm will pay the...

Indicated Yield

A return rate on a fixed-income security or a share of stock as related to the current market price. In...

Interest Only

One of two components (strips or tranches) of a mortgage-backed security (MBS) or other types of mortgage structured products (e.g.,...

IO

It stands for interest only; one of two components (strips or tranches) of a mortgage-backed security (MBS) or other types...

IAN

It stands for index amortizing note; a note (or a bond) that may repay principal before maturity date according to...

Index Amortizing Note

A note (or a bond) that may repay principal before maturity date according to a preset amortization schedule linked to...

IR DV01

A measure of the change in the value of a debt instrument (like bonds)- i.g., DV01- resulting from a 1...

Investment Value

The value of the “straight” fixed income element of the convertible alone, without consideration to the value of the convertible’s...