A debt instrument that promises investors (holders/ buyers) a single fixed payment on a preset future date. In other words,...

The last tranche in a collateralized mortgage obligation (CMO). Periodic interest accrues on a Z-tranche but no cash payments will...

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

The market risk premium (MRP) that is computed using historical data available for a past period. It is the observed...

The market risk premium (MRP) that is computed using historical data available for a past period. It is the observed...

A statistical model, devised in the 1960s by Edward Altman (of New York University), which is used to predict the...

A statistical model, devised in the 1960s by Edward Altman (of New York University), which is used to predict the...

A statistical model, devised in the 1960s by Edward Altman (of New York University), which is used to predict the...

An index linked bond that pays no coupon (hence, the zero coupon, ZC), whilst repayment of its principal is linked...

An index linked bond that pays no coupon (hence, the zero coupon), whilst repayment of its principal is linked to...