A synthetic structure that consists of a single tranche. It is simpler than a standard synthetic tranche and can be...

It stands for earnings per share; a financial ratio that measures the relationship between a company's profits and the ownership...

A certificate of deposit (CD) that pays a variable interest rate. In other words, the rate adjusts upward or downward...

A form of volume-weighted average price (VWAP) that excludes upstairs or block trades. Consequently, it is very important that a...

It stands for real risk-free rate; the single-period interest rate that would be produced by a completely risk-free security if...

It stands for leveraged super senior tranche; a super-senior tranche in which only a part of the tranche notional is...

It stands for targeted amortization class; a type of bond class that has a schedule for repayment of principal which...

Planned amortization class bond; a tranche of a collateralized mortgage obligation (CMO) that converts a long-term mortgage product with irregular...

A phenomenon that arises when a planned amortization class (PAC) schedule is not met even if prepayments on the collateral...

It stands for beta and volatility adjusted return; BAVAR ratio is a risk-return measure that is derived from the Sharpe...