An acronym for provision for credit losses; a provision that is created (set aside) by an entity, as an amount...

It stands for allowance for credit losses; an allowance that constitutes an estimate of a debt/ obligation (credit extended to...

It stands for inverse floating rate tranche; a tranche that is created from the collateral tranche (in a CMO structure),...

It stands for floating rate tranche; a CMO tranche (or a tranche in a similar structure) in which the monthly...

It stands for event risk covenant; a bond provision that requires that the bond is turned in, or redeemed, at…

An abbreviation for close-to-the-money option; an option contract in which the underlying’s market price is very near to the strike…

It stands for earnings before interest, depreciation and amortization. By definition, it is a measure of a firm's cash flow...

It stands for collateralized put-write; an options trading strategy that involves short positions in put options and the use of…

The interest rate on international money market futures (IMM futures). It is a money market rate that used as underlying...

It stands for convertible bond option; an option that gives the holder of a convertible bond for shares of common…