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Financial Instrument

Broadly speaking, an instrument is a physical or electronic document that bears an intrinsic financial or monetary value or is...

Instrument

Broadly speaking, an instrument is a physical or electronic document that bears an intrinsic financial or monetary value or is...

Bond

A written, originally unconditional but later conditional, promise to pay back a specific amount (typically the face value) at a...

CTD

It stands for cheapest to deliver; a procedure which is used to find out which debt instrument (government bonds, corporate...

Cheapest To Deliver

A procedure which is used to find out which debt instrument (government bonds, corporate bonds, etc) is most rewarding (cheapest)...

Hybrid Security

A combination of a debt instrument and a derivative instrument such as equity option, equity swap, currency forward, currency futures,...

Hybrid Bond

A debt instrument (bond) that combines the features of debt and equity. In other words, it is typically located in...

Zombie Bond

A highly speculative bond whose company has little or no chance of survival, and as such is mistaken for dead....

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....

Zero-Coupon Instrument

A debt instrument that promises investors (holders/ buyers) a single fixed payment on a preset future date. In other words,...