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Multi-Step-Up Callable Bond

A step-up callable bond whose initial coupon is well above market rates (for vanilla bonds) and which allows more than…

Multicallable Note

A structured note that allows the issuer to call or redeem it at its own discretion on specified dates along…

Mortgage Bond

A bond in which interest and principal payments are made by home owners. Typically, it is issued by a corporate...

Mandatorily Redeemable Preferred Stock

A preferred stock that is subject to mandatory redemption. More specifically, it contains terms requiring the issuer to recall the…

Municipal Security

A debt security (e.g., a bond) that is issued by a state or local government to finance specific requirements (public...

Muni

A bond that is issued by a state or local government (municipality) to finance specific requirements (public capital needs) or...

Municipal Bond

A bond that is issued by a state or local government to finance specific requirements (public capital needs) or budget...

Margin Spiral

The rush by cash borrowers (collateral providers) to withdraw their securities posted as collateral to a dealer (broker-dealer) through deals...

MMY

An acronym for money market yield; the interest rate (expressed as a percentage rate of return, or yield) that is,...

Money Market Yield

The interest rate (expressed as a percentage rate of return, or yield) that is, or can be, earned by investing...