An equity that has a negative value (i.e., has gone underwater). This situation arises when an asset is worth less...

A synthetic CDO tranche in which the CDO investor doesn't pay the notional amount of the tranche at inception, that...

In relation to synthetic CDOs (collateralized debt obligations) where credit exposure is gained through credit default swaps (CDSs), it is...

A debt that is secured by collateral whose value is less than the debtor owes (the debt). In words,  from...

A synthetic CDO tranche in which the CDO investor doesn't pay the notional amount of the tranche at inception, that...

A subcategory of legal risk that negatively impacts an entity's management or transactions for reasons relating to legal capacity. The...

A floater (FRN, floating rate note) that has no cap. An embedded cap (a cap that is embedded) in a...

A floater (floating rate note) that has no cap. An embedded cap (a cap that is embedded) in a floater...

A floater (floating rate note) that has no cap. An embedded cap (a cap that is embedded) in a floater...

An asset that is subject to indebtedness (recourse liability) that exceed its fair market value (FMV). It is an asset...