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Banking

Serial Redemption

The redemption of a serial bond. Such a bond may consist of a series of bonds each with its own…

Step-Up Bond

A bond (a variable interest bond) whose coupon payment starts to increase after an initial period. It pays an initial…

Small-Issue Bond

A bond that is issued as part of a municipal bond issue not exceeding an aggregate face amount of $10…

Step-Down

In the context of subprime deals, it is a provision that entails the conversion of deal structure from sequential pay…

Subprime Trigger

With respect to subprime deals, it a trigger that determines the collateral tests. It is one of the specific features…

Spring Loading

The practice of granting options (employee or executive stock options– ESOs) just before the announcement of key information that is…

Serial Issue

A bond issue (particularly a municipal issue) in which a certain proportion (installment) matures at regular intervals (e.g. each year)…

Serial Bond

A bond (particularly issued by municipalities) in which a certain proportion (installment) matures at regular intervals (e.g. each year) until…

Synthetic

An artificially created security that combines a financial security (such as a bond, stock, etc) with another asset such as…

SPAN

Abbreviation for spread-adjusted note; a debt instrument that bears a base rate fixed or linked to a sovereign rate (Treasury…