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Straight Bond

A bond that does not carry any special features- i.e., it has no clauses granting conversion or warrant privileges. A...

Step-Up Callable Note

A callable note that pays a fixed interest rate for a specific period, which steps up (increases) at predetermined dates...

Smart Bull Turbo Certificate

A turbo certificate in which the barrier (technically, a downside barrier) is only applicable at the closing price of the...

Smart Bear Turbo Certificate

A turbo certificate in which the barrier (technically, a upside barrier) is only applicable at the closing price of the...

Smart Turbo Certificate

A turbo certificate in which the barrier is only applicable at the closing price of the underlying stock. In a...

Sales-To-Receivables Ratio

A financial ratio that relates the cost of goods sold to accounts receivable. This ratio is calculated by dividing the...

Simple Compounding

The method of compounding interest rate without taking into account the interest earned over the period in question. Interest only...

Synthetic Convertible

A convertible that combines the features of both fixed-income debt and OTC options. In other words, this instrument consists of...

Synthetic Warrant

A warrant that is issued by a company on an unrelated underlying security such as that of another company or...

Short Turbo Certificate

A turbo certificate that aims to bet on price decreases. The participation in the downward movement of the underlying will...