A capped bonus certificate which consists of 1) a short position in the underlying stock with a reference price constituting...

A floating-rate note (FRN) in which the coupon moves inversely to the movement of the reference rate. That is, if...

A bond that is issued by a US company (usually a high grade issuer), outside of the US in a...

A note whose redemption value is linked to a price index or a commodity price. The note gives the holder,...

A bull note whose principal is protected (by the so-called principal protection feature), as opposed to an unprotected bull note....

A protected bull note in which the final value of the underlying over fixing dates is averaged. The fixing dates...

A financial ratio that relates the cost of goods sold to accounts receivable. This ratio is calculated by dividing the...

A type of corporate debt whereby the collateral value is below standard requirements (usually lower than 30% of the company’s...

The amount of time it takes for the positive yield advantage to recover the premium paid for the downside protection,...

An accounting method that is based on the recognition of income as earned and expenses as incurred, regardless of the...