A bond which is payable at par to its holder on demand once the lock-out or deferment period expires. This...

A range accrual note that has an embedded put option. It allows the holder (investor) to put the note (return...

A convertible bond that is embedded with a put provision. In other words, it allows the bondholder to put or...

The interest or dividend income that is paid by a borrower through the issuance of debt or stock (new securities)...

An abbreviation for payment in kind. It refers to interest or dividend income that is paid by a borrower through...

A convertible which is embedded with a par-strike put option prior to final maturity. In other words, the holder has...

The difference between the CDS spread and par equivalent CDS spread: PECS basis = CDS spread - PECS It captures...

A floater (floating-rate note/ FRN) whose principal never matures, i.e., it doesn't have a redemption payment and only makes perpetual...

A floater (floating-rate note) whose principal never matures, i.e., it doesn't have a redemption payment and only makes perpetual coupon...

A floating-rate note (FRN) whose principal never matures, i.e., it doesn't have a redemption payment and only makes perpetual coupon...