An abbreviation for zero-coupon convertible; a convertible that comes with no annual coupon, but rather it is issued at a...

It stands for zero-balance account; a corporate checking account in which a zero balance is maintained. Differently put, this constitutes...

A corporate checking account in which a zero balance is maintained. Differently put, this constitutes a disbursement account that always...

A highly speculative bond whose company has little or no chance of survival, and as such is mistaken for dead....

An abbreviation for collateralized debt obligation; a debt security that is collateralized (i.e., backed) by various types of debt obligations...

The costs incurred by a firm due to bankruptcy such as lost sales (customers become reluctant to purchase from a...

A synthetic structure that consists of a single tranche. It is simpler than a standard synthetic tranche and can be...

A super-senior tranche in which only a part of the tranche notional is paid by the holder. In other words,...

It stands for leveraged super senior tranche; a super-senior tranche in which only a part of the tranche notional is...

Trading a debt security like a bond/ note at a price equal to its par value (face value). Face value/...