A bond that has a floating rate interest- that is, an interest rate that adjusts periodically (monthly, quarterly, semi-annually, etc.)...

A bond that has a floating rate interest- that is, an interest rate that adjusts periodically (monthly, quarterly, semi-annually, etc.)...

The present value of future cash flows of a convertible bond as if it was a straight corporate bond, i.e.,...

A financial structure whose building blocks are credit default swaps (CDSs) or, in the case of mortgages, asset-backed credit default...

A taxation principle which maintains that the amount of taxes should vary with the levels of wealth or income. That...

Broadly speaking, it is the borrower’s ability to fulfill current and future debt obligations by making timely principal and interest...

The sale of collateralized assets. It is a process that involves a borrower's realization of the partial or full value...

The sale of collateralized assets. It is a process that involves a borrower's realization of the partial or full value...

A situation that arises when the total liabilities of a company to its creditors exceed its total assets. A firm...

Earnings of a company which are reported on its income statement. In other words, accounting earnings refer to the amount...