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YCD

An acronym for Yankee certificate of deposit; a negotiable time deposit that is issued in the United States by a...

LEAPS

It stands for long-term equity anticipation security; an American call or put option on securities or indexes. This kind of...

SATB

It stands for short against the box; a short sale against the box of a stock is a trade in...

RORO

It stands for risk-on, risk-off; the process of two-way switching between risky and risk-free investments depending on or in reaction...

Daily VWAP

A form of VWAP (volume-weighted average price) that is calculated based on daily transactions. In other words, it is the...

TRIPS

It stands for treasury rate index principal swap; an index principal swap in which the floating rate leg is based...

WAC

It stands for weighted average coupon. In general, it refers to the weighted average of the coupon payable on the...

TARN

It stands for target redemption note. A structure that terminates whenever a maturity is reached or the total amount paid...

FSG

It stands for forward shooting grid; a variant of the lattice tree methods (binomial trees/ trinomial trees) that is used...

HVCRE

It stands for high-volatility commercial real estate (high-volatility CRE); a loan (credit facility) that is extended for financing of the...