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ARPS

An abbreviation for adjustable-rate preferred stock; a preferred stock whose dividend is reset at specified periods based, for example, on...

ADST

An abbreviation for approved deferred share trust; a trust fund that a company creates for the purpose of buying shares...

AMLF

An abbreviation for asset-backed commercial paper money market fund liquidity facility; funding that is provided at a discount rate to...

EHT

It stands for extended-hours trading; Electronic trading that occurs after the close of the formal trading session. Trading after these...

PO

It stands for principal only; the principal-only portion of a mortgage loan or a mortgage-backed security (MBS). Financial institutions, especially...

FCN

It stands for fixed-coupon note; a note that provides the investor with fixed coupon payment over the course of its...

IO

It stands for interest only; one of two components (strips or tranches) of a mortgage-backed security (MBS) or other types...

DCD

It stands for dual currency deposit; a structured product that involves two different currencies. It allows a depositor to capitalize...

KO FRN

It stands for knock-out floating rate note; a barrier floating rate note in which the coupon is deactivated (knocked-out) if...

ROL

It stands for rate on line; a measure of an insurance or reinsurance company's gross profitability, which relates insurance premiums...