It stands for depreciated replacement cost; the depreciated replacement cost of an asset is the current replacement cost of the...

In connection with convertibles, it stands for discount reverse convertible; a reverse convertible which consists of a zero-coupon bond (discount bond) and a...

It stands for time-weighted return; a type of total return that measures the performance of a dollar invested in for the...

It stands for total value to paid-in ratio; a return multiple that relates the current value of remaining holdings within a...

An acronym for root cause analysis; an analytical tool that is used by managers to track down the very essence...

It stands for fair market value; the price that agreed by a buyer and a seller for a specific asset...

A non-standard interest rate cap in which the rate used is a swap rate with a constant maturity. For example, a CMS cap could...

A basis point (bps or BP) is 0.01 percentage point and equals $1,000 annually on a contract protecting $10 million...

A basis point (bps) is 0.01 percentage point and equals $1,000 annually on a contract protecting $10 million of debt...

It stands for participatory note; a note that is used by investors to gain exposure (participation in the upside) to...