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...

A description of an asset implying it can be converted immediately to cash or cash equivalent money, although it is...

In Wall Street parlance, it refers to the investments or instruments that involve risks requiring sophisticated mathematical skills to comprehend....

A collateral, in a repo transaction or CMOs, that comes in the form of a whole loan. By nature, whole...

A collateral, in a repo transaction or CMOs, that comes in the form of a whole loan. By nature, whole...

A preferred stock that doesn’t entitle the holder to be made up any passed or missed dividends (dividends that have...

A collateralized mortgage obligation that may change priority to receive principal if certain conditions are present. The principal paydown will...

A type of factoring in which the buyers (end customers) are notified that their accounts (i.e., payables) have been factored-...

A note or bond whose coupons are based on the difference between two floating-rate indexes. Typically, these notes or bonds...