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Implied Repo Rate

The rate which results from a cash/futures arbitrage. More specifically, it is the rate of return that an investor can...

Invoice Price

The stated price (flat price) of a bond in a quote sheet plus accrued interest. In other words, it represents the present value...

Bond Ratio

A financial ratio that is calculated by dividing the total value of bonds due after one year by the total market capitalization: It...

Conditional Put Option

An option (here a put option) that gives a issue the right, but not the obligation, to put a bond...

Conditional Put

An option (here a put) that gives a issue the right, but not the obligation, to put a bond (puttable...

Conditional Call

An option (here a call) that allows the holder of a callable bond (which is also a convertible bond) to...

Conditional Call Option

An option (here a call option) that allows the holder of a callable bond (which is also a convertible bond)...

Soft Call Convertible Bond

A convertible bond (CB) that can be called by the issuer any time over its life (time to maturity) or any time after a...

Conditionally Callable Convertible Bond

A convertible bond (CB) that can be called by the issuer any time over its life (time to maturity) or any time after a...

Cash Leverage

A type of leverage that is made up of borrowed funds such as loans, credit facilities, bond issuances, etc. Cash-producing leverage can be defined as...