It stands for planned amortization class tranche; a tranche (constituting a type of asset-backed security, ABS) that gives the investors...
Planned amortization class schedule; a principal payment schedule that is figured out by taking the minimum of the principal paydowns…
A bond which is payable at par to its holder on demand once the lock-out or deferment period expires. This…
A bond whereby an investor can cash in a security prior to its maturity date if the issuer becomes subject…
A turbo certificate that aims to bet on price decreases. The participation in the downward movement of the underlying will…
A provision, attached to a puttable bond, which allows the bondholder to put (give back) the bond to the issuer…
The memory of a phoenix (phoenix product) that allows the holder, as an option, to change the manner in which...
A phoenix autocall that has no memory. In other words, it is an income product (income-paying structure) that provides a...
Accounts payable, abbreviated as A/P or just payables, refer to the unpaid bills of a firm. That is, the short-term...
It stands for pay-in-kind debenture; a bond that confers on the issuer the option to pay interest with additional pay-in-kind...
