The cost-adjusted weighted- average coupon (WAC) of a pool of mortgages that backs a security. Net WAC reflects the investor's...

It stands for net weighted average coupon; the cost-adjusted weighted- average coupon (WAC) of a pool of mortgages that backs...

The actual weighted- average coupon (WAC) of a pool of mortgages that backs a security. Gross WAC reflects the investor's...

It stands for gross weighted average coupon; the actual weighted- average coupon (WAC) of a pool of mortgages that backs...

One of the two legs of a tranche (vanilla tranche/ plain vanilla tranche), with the other one being a tranche...

An equity structured product (and a reverse convertible) that provides an enhanced coupon. Coupon enhancement (yield enhancement) is typically done…

A structured product/ instrument that is modeled on a conventional equity-linked note(ELN). The conventional one provides investors with a fixed…

A bond that is fully exempted from taxation on its interest payment. The interest income on this bond, generally issued…

A type of convertible that has no current yield because it pays no coupon. However, the bond has a positive…

A variant of barrier reverse convertible (BRC)- a structured product– that is subject to more than one barrier (a continous…