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Pro-GroS

It stands for protected growth security; a callable equity-linked note which provides its holder with principal protection and upside participation,...

ELK

An abbreviation for equity-linked security; an equity-linked debt issue whose returns are keyed to the performance of a common stock…

ZC Tranche

It stands for zero-coupon tranche; an alternative term for principal only tranche; a tranche, part of an IO/ OP structure,...

Uout Put

It stands for up-and-out put; an up-and-out option that is deactivated if the price of the underlying exceeds a preset...

Uin Option

It stands for up-and-in option; a barrier option in which the right to exercise activates or becomes active if the...

CRIB Swap

It stands for cross index basis swap; a swap to whose underlying interest rate index (usually LIBOR) the so-called quantization…

CODI

An abbreviation for certificates of deposit index, which is by definition an index that measures the 12-month average of the...

CMO FRN

An abbreviation collateralized mortgage obligation floating-rate note; a collateralized mortgage obligation (CMO) that pays an adjustable rate of interest that…

GIC

It stands for guaranteed investment contract; a contract (an insurance contract) involving retirement plans that is entered into by an...

CRAN

It stands for callable range accrual note; a debt instrument (range accrual note) where the issuer has the option (call…