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...

A multi-factor valuation model which is designed to price interest rate options (broadly interest rate derivatives) and specific credit derivatives...

It stands for non-sticky jump bond; a collateralized mortgage obligation that may change priority to receive principal if certain conditions...

A certificate of deposit (CD) that pays no periodic interest to the holder. However, its return comes from it being...

A type of equity derivative; it stands for yield enhanced equity linked security; it is a structured convertible security (equity-linked...

It stands for cash and cash equivalents; in accounting, cash and cash equivalents are the most liquid current assets as...

A type of equity derivative; it stands for yield enhanced equity linked security; it is a structured convertible security (equity-linked...