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ITM Convertible

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

Imputed Value

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

Indexed Bond

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

Interim Financing

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

In-The-Money Convertible

A convertible that has its actual share price above the conversion price. As share prices increase, a convertible tends to...

IIB

It stands for interest-indexed bond; an index linked bond (historically issued in Australia in the 1980s) that pays a fixed...

Smart Bull Turbo Certificate

A turbo certificate in which the barrier (technically, a downside barrier) is only applicable at the closing price of the...

Smart Bear Turbo Certificate

A turbo certificate in which the barrier (technically, a upside barrier) is only applicable at the closing price of the...

Smart Turbo Certificate

A turbo certificate in which the barrier is only applicable at the closing price of the underlying stock. In a...

Inverse FRN

A floating-rate note (FRN) in which the coupon moves inversely to the movement of the reference rate. That is, if...