A warrant that never expires and therefore remains valid unless it is actually exercised. This warrant gives the holder the...

The difference between the bond’s price and its equity value or parity, expressed as a percentage: Premium = (convertible price-...

A synthetic security in which the payoff is based on the performance of an individual stock or an equity index....

The spread that would be realized over the whole risk-free spot rate curve if a given risky security such as...

A reverse convertible that is subject to a knock-out barrier and involves the sale (writing) of a knock-out put by...

The spread that would be realized over the whole risk-free spot rate curve if a given risky security such as...

A zero-coupon interest rate is the rate of interest earned on an investment that is made over a given period...

A bond that is issued as a zero-coupon bond but which converts to a coupon paying bond at a specific...

A type of arbitrage that involves attempting to profit from specific deviations from interest rate parity by entering into a...

A convertible bond in which the conversion price is not predetermined but is kept floating. This bond converts into the...