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Registered Coupon Bond

A bond whose principal is registered in the name of its owner, but where interest coupons are payable to the...

Registered Bond

A bond whose ownership is evidenced by registration in the transfer office of the issuer (corporate issuer, government issuer, etc)....

Principal Protected Absolute Return Barrier Note

An absolute return barrier note (ARBN) (a structured product) in which the coupon is linked to an underlying security or...

Principal Protected Structured Product

A structured product that allows the holder (investor) to participate in the equity market growth (upside potential) and at the...

Principal-Protected Market-Linked Debenture

A market-linked debenture (MLD) whose issuer promises to pay back the principal amount (face value) of the debenture to the...

Fixed-Strip Interest Only

An interest-only (IO) which entitles its holder to receive a fixed coupon stripped off a collateral weighted average coupon (WAC)....

Fixed-to-Float Bond

A bond that pays a fixed amount of interest (coupon) for a specific period of time and then turns into...

FCN

It stands for fixed-coupon note; a note that provides the investor with fixed coupon payment over the course of its...

Interest Only

One of two components (strips or tranches) of a mortgage-backed security (MBS) or other types of mortgage structured products (e.g.,...

IO

It stands for interest only; one of two components (strips or tranches) of a mortgage-backed security (MBS) or other types...