An index-linked product (an index-linked note or bond) that is denominated and interest-payable in one currency whilst its redemption value...

The leverage which an individual investor can obtain by borrowing and lending on the same terms as firms. To do...

A call option that is embedded in a convertible bond (CB) to the effect of making it unconditionally callable by...

The process of raising funds by issuing unsecured low-grade, high-yield securities (junk notes, junk bonds, etc.). This is usual at...

A convertible bond (CB) that can be called by the issuer any time over its life (time to maturity) or...

A form of repurchase agreement (repo) in which the borrower of cash doesn't deliver out the collateral, but rather keeps...

An abbreviation for hold-in-custody repo; a form of repurchase agreement (repo) in which the borrower of cash doesn't deliver out...

The period during which a convertible bond (CB) cannot be called by the issuer at all. In other words, the...

The unrestricted or unconditioned right of an issuer to redeem a convertible. More specifically, the bond may be redeemed without...

A Latin phrase that means "on equal footing", "with equal pace", or "with equal step". Pari passu clauses are very...