The relative difference in yield to maturity (YTM) between two bonds (bond issues) or two classes of bonds with similar maturities. It is the ratio of the yield...

A bond that contains a provision giving the issuer the right to buy back (call/ redeem) the bond at a predetermined...

A bond that contains a provision giving the issuer the right to buy back (call) the bond at a predetermined price (call...

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

A reverse convertible which consists of a zero-coupon bond (discount bond) and a plain vanilla put option. The investor issues the put option (short put)...

With respect to a convertible bond, it is the change in the bond price resulted from a single basis point increase in the credit spread. In...

A bond which is typically issued with a special provision allowing the initial interest to be reset on specified dates so...

Another term for modified duration; a tool that is used to measure the change in the value of a financial...

A bond which is typically issued with a special provision allowing the initial interest to be reset on specified dates so that...

A debt security that represents an amount of money owed by the bond issuer to a bondholder. The issuer is...