A pass-through security (PT security), also a pay-through security, is a security issued out of a pool of fixed-income securities...
It stands for pass-through pool; a pool of collateral (underlying assets) which is created and held by a trustee holding...
A pool of collateral (underlying assets) which is created and held by a trustee holding legal title to the assets,...
It stands for protected growth security; a callable equity-linked note which provides its holder with principal protection and upside participation,...
A callable equity-linked note which provides its holder with principal protection and upside participation, while depriving him/ her of any...
A put option which is embedded in a premium put convertible, giving the bondholder the right to demand redemption of...
An investment fraud that involves the payment of purported returns to original “investors” (the scheme organizers) or early entrants from...
A tranche, part of an IO/ OP structure, that receives only the principal repayment on the underlying securitized debt/ collateral....
It stands for principal only tranche; a tranche, part of an IO/ OP structure, that receives only the principal repayment...
A tranche (constituting a type of asset-backed security, ABS) that gives the investors more certain cash flows thanks to its...
