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Deprival Value

It is often known as value to the owner or value to the business. By definition, it is an asset...

Extendable Repo

A type of repo (repurchase agreement) which extends for longer periods than usual. It comes with an option to lengthen...

Evergreen Repo

A type of repo (repurchase agreement) which extends for longer periods than usual. It comes with an option to lengthen...

Gestation Period Repo

A reverse repurchase (repo) agreement by which a mortgage firm sells federally guaranteed mortgage-backed securities (MBSs) to a securities dealer...

Principal-To-Principal Basis

The parties to a contract (financial or non-financial), ultimately obligated by contractual terms, sign the contract in their own capacity,...

Exercise Backdating

A fraudulent practice that is usually undertaken by option-holding executives who manipulate the exercise of options to illegally maximize their...

High Coupon Bond

A bond that pays large coupons over its life. This bond typically sells at par, while the holder receives a...

High Rate Bond

A bond that pays large coupons over its life. This bond typically sells at par, while the holder receives a...

Conversion Price

With respect to convertible bonds, it is the principal amount divided by the bond's conversion ratio, which is actually the...

Crossover Refunding Bond

A bond that is issued for the sake of refinancing an existing bond issue before maturity. The proceeds from the...