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Bond Ex-Div

An abbreviated form for bond ex-dividend; the interval between the announcement of a coupon and the payment date. If a...

Weighted Average Coupon

In general, it refers to the weighted average of the coupon payable on the liabilities of an issuer (debt issuer)....

WAC

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

Discount Swap

An interest rate swap (specifically, an off-market swap) in which payments are made upfront on a discounted basis. That means,...

Accrual Range Floater

A floater that pays a coupon whose amount depends on the times a floating rate (such as LIBOR) remains within...

Coupon-Bearing Bond

A bond that pays interest on surrender of the coupons, clipped from its certificate. The holder of a coupon-bearing bond...

Step-Up Coupon Note

A debt instrument (note) which comes with a step-up coupon; the amount of its coupon increases over time to maturity....

ZC Indexed Bond

An index linked bond that pays no coupon (hence, the zero coupon, ZC), whilst repayment of its principal is linked...

Zero-Coupon Indexed Bond

An index linked bond that pays no coupon (hence, the zero coupon), whilst repayment of its principal is linked to...

KO Floater

It stands for knock-out floater; a barrier floater in which the coupon is deactivated (knocked-out) if the reference interest rate...