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YEN

It stands for yield-enhanced note; a type of mandatory convertible preferred which is typically issued at a zero premium and...

Yield-Enhanced Note

A type of mandatory convertible preferred which is typically issued at a zero premium and a preset cap on capital...

Compounding

A technique which is used to convert an interest rate of a given period into an interest rate of a...

Compounding Interest Rate

A technique which is used to convert an interest rate of a given period into an interest rate of a...

Component IO

It stands for component interest only; a type of CMBS (commercial mortgage-backed security) that is formed by combining a weighted...

Acceleration Covenant

A clause which is added to a debt instrument or swap agreement and requires early payment of interest and principal...

Acceleration Clause

A provision/ clause, normally added to an a credit agreement like an indenture agreement, bond, note, mortgage, deed of trust,...

ACRS

It stands for accelerated cost recovery system; a system of asset depreciation, for tax purposes, that determines the rate of...

Accelerated Depreciation

A system of depreciation that entails higher depreciation expenses in the early years of the life of an asset, for...

Accelerated Cost Recovery System

A system of asset depreciation, for tax purposes, that determines the rate of appreciation for an entity's assets. It involves...