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RAM

It stands for reverse annuity mortgage; a mortgage that involves a bank or lending institution extending a loan (usually, a...

PLMBS

It stands for private label mortgage backed security; a type of mortgage-backed security (MBS) that is issued by private entities...

PL MBS

It stands for private label mortgage backed security; a type of mortgage-backed security (MBS) that is issued by private entities...

SPV

An acronym for special purpose vehicle; an entity (legal entity) that is specially established to fulfill a certain narrow or...

SPE

It stands for special purpose entity; an entity (legal entity) that is specially established to fulfill a certain narrow or...

IOU

A phonetic acronym of the expression "I owe you". Technically, it represents is a document (usually, an unofficial document) that...

TRACES

An acronym for trust automatic common exchange security; a hybrid equity security (equity linked security, ELS), that constitutes a trust-originated...

TIPS

It stands for treasury inflation protected security; a type of treasury (treasury security) that is issued to investors who seek...

TrENDS

It stands for trust enhanced dividend securities; a category (or issue) of a mandatory convertible (a trust preferred) that is...

IM

It stands for initial margin; an amount of cash (broadly, monetary assets) that is deposited or collateral (eligible securities) that...