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Accrual Note

A note in which coupon amount is determined largely or entirely by an embedded range accumulation option, and where the...

Benchmark Rate

The rate of return that is considered by investors to be the minimum rate they are willing to accept on...

Barrier Reverse Convertible

A reverse convertible that entails that the holder gives up the potential upside exposure to the underlying in exchange for...

BRC

It stands for barrier reverse convertible; a reverse convertible that entails that the holder gives up the potential upside exposure...

CMBS Interest Only

It stands for commercial mortgage-backed securities (CMBS) interest only (IO). These IOs (stripped mortgage products) are coupons stripped from an...

Accrual Bond

A tranche of a collateralized mortgage obligation (CMO) that accrues by adding the interest amount to the face value of...

Barrier Accrual Floater

A floater which in which interest (coupon) accrues only on days when the reference rate (floating rate) such as LIBOR...

CMBS IO

It stands for commercial mortgage-backed securities (CMBS) interest only (IO). These IOs (stripped mortgage products) are coupons stripped from an...

Barrier Accrual Note

A structured note (accrual note) in which interest (coupon) accrues only on days when the reference rate (floating rate) such...

Harmless Warrant

A bond warrant that doesn't become exercisable until the host bond becomes callable. As such, if the warrant is exercised,...