Filter by Categories
Accounting
Banking

Current Yield

The current yield on a convertible is similar to the dividend yield on a share of stock. It is calculated...

Current Coupon

A bond with a current coupon has an interest coupon very close to the coupons being carried on new issues...

Full Coupon

A bond with a full coupon has an interest coupon very close to the coupons being carried on new issues...

Ratchet Bond

A rate-adjustable debt instrument that has a coupon rate that adjusts periodically at a specific spread over a non-money market...

Deliver-Out Repo

A standard, two-party repo (classic repo) where the party receiving cash (borrower) delivers securities to the cash provider (lender). In...

Bilateral Repo

A standard, two-party repo (classic repo) where the party receiving cash (borrower) delivers securities to the cash provider (lender). In...

Delivery Repo

A standard, two-party repo (classic repo) where the party receiving cash (borrower) delivers securities to the cash provider (lender). In...

Payment In Kind

The interest or dividend income that is paid by a borrower through the issuance of debt or stock (new securities)...

PIK

An abbreviation for payment in kind. It refers to interest or dividend income that is paid by a borrower through...

Venture Factoring

A type of factoring (asset-backed lending) that provides financing to start-up firms (ventures) by purchasing their accounts receivable. This is...