It stands for principal only; the principal-only portion of a mortgage loan or a mortgage-backed security (MBS). Financial institutions, especially...

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

It stands for quality spread differential; the difference in quality spread as measured at two different maturities. This difference goes...

It stands for swap differential agreement; an interest rate basis swap which entails the exchange or locking in of the...

It stands for layer-loss credit default swap; a basket-linked credit default swap (basket-linked CDS) which protects the buyer (the long)...

It stands for standardized tranche credit default swap; a type of first loss credit default swaps (FLCDS) or tranche loss...

It stands for forward-starting basket default swap; a forward contract which obliges the holder to buy or sell a basket...

Abbreviation for swap transferring risk with participating element; a hedging tool that combines an interest rate swap with a participating...

It stands for floating rate note. It is a note bearing a variable interest rate which is usually readjusted every...

A metric that captures the dollar change in the value of a credit default swap (CDS), or a CDS position,...