The price at which an asset would be purchased or sold in an open and competitive market setting. Put another...

A collateralized debt obligation (CDO) whose reference portfolio consists of cash assets or highly marketable (and hence credit-sensitive) securities such...

A cash CDO which allows the pool manager to trade the pool collateral in order to maintain the market value...

A collateralized mortgage obligation (CMO) that is structured as inverse floater tranches. The CMO will earn interest at rates that...

An inverse floating rate note whose coupon moves inversely with respect to interest rates by more than one for one....

It stands for individual collateralized debt obligation (individual CDO); a synthetic structure that consists of a single tranche. It is...

A convertible that is in the money, i.e., it has its actual share price above the conversion price. As share...

The value of a non-traded asset (or a service or product) which is deduced from information about the values of...

A bond whose cash flows are linked to movements in a given price index such as a consumer price index...

A temporary, short-term loan that is required to complete the purchase of a new property. This loan is usually made...