A required periodical (usually annual) payment that is designed to amortize a bond or preferred stock issue. In other words,...

A type of floating rate repo (variable rate repo) in which the spot/ next (S/N) index is used rather than...

An equity structured product that provides direct exposure to global or regional markets, industry sectors, investment strategies, and/ or asset...

A bond that contains a provision stipulating or allowing the systematic amortization/ retirement of outstanding debt (notes, bonds, preferred stocks,...

It stands for snowball coupon note; a structured product in which the payment of a one-off conditional coupon- known as...

A structured product in which the payment of a one-off conditional coupon- known as a snowball coupon- is made (to...

A layer of loss absorption in a collateralized debt obligation (CDO) or any similar structures that is exposed to lowest...

A tranche-type bond that constitutes one of the two general parts (tranches) of a PAC-structured CMO (collateralized mortgage obligation), with...

The present value of future cash flows of a convertible bond as if it was a straight corporate bond, i.e.,...

A financial structure whose building blocks are credit default swaps (CDSs) or, in the case of mortgages, asset-backed credit default...