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

A type of toggle tranche that maintains its priority only for a temporary interval defined by the span of time...

Another name for a promissory note, which is a written promise whereby the maker (issuer, payor, obligor, or promisor) unconditionally...

A type of liability that arises unintentionally (i.e., without fault) or that is looked at without regard to fault. Typically,...

A type of financing (loans) in which recourse to a borrower's other assets is not allowable. In the event a...

A type of financing (loans) in which recourse to a borrower's other assets is not allowable. In the event a...

A high quality debt security/ instrument that pays a fixed or floating coupon (interest payment) whose proportion is determined based...

A structured product that is not secured by a collateral asset. Such products are not asset backed, and therefore, in...

A debt security that constitutes a promise to pay interest during the term over which the issuer (borrower of funds)...

The positive relationship between bond yields and maturity lengths that is observed when interest rates on the long-term bonds exceed...