A financial product that belongs to a standalone and distinct class of products whose performance relates to the volatility of...

A bond that has a floating rate interest- that is, an interest rate that adjusts periodically (monthly, quarterly, semi-annually, etc.)...

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

A note on which the spread varies over time depending on the change in the perceived credit risk of the...

It stands for variable rate note; a note on which the spread varies over time depending on the change in...

A type of factoring (asset-backed lending) that provides financing to start-up firms (ventures) by purchasing their accounts receivable. This is...

The sensitivity of a convertible’s value to changes in the volatility of the underlying stock (mathematically, it is a first-order...

A preferred stock whose dividend is readjusted at specified periods based, for example, on the maximum of a set of...

It stands for variable-rate repo; a type of repo (repurchase agreement) in which the interest rate is changed in accordance...

A loan whose interest rate payments change over the life of the loan. Typically, the variable interest rate is tied...