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Jumbo Certificate of Deposit

A certificate of deposit (CD) that is issued by a bank or depository institution to institutional investors and other high-net-worth...

ITM Warrant

An abbreviation for in-the-money warrant; a warrant whose exercise price is below the price of its underlying at a given...

ARPS

An abbreviation for adjustable-rate preferred stock; a preferred stock whose dividend is reset at specified periods based, for example, on...

ADST

An abbreviation for approved deferred share trust; a trust fund that a company creates for the purpose of buying shares...

Access Product

An equity structured product that provides direct exposure to global or regional markets, industry sectors, investment strategies, and/ or asset...

Investment Value of a Convertible

The value of a convertible bond (CB) without its conversion feature, i.e., only as a straight bond. The investment value...

Auto-Callable Yield Note

A structured note in which the coupon is linked to more than one underlying (usually two indexes), and is callable...

Interest-Indexed Bond

An index linked bond (historically issued in Australia in the 1980s) that pays a fixed real coupon, with the fixed...

Indicated Dividend

The projected annual dividend on a share of stock for the next year, assuming that the firm will pay the...

Indicated Yield

A return rate on a fixed-income security or a share of stock as related to the current market price. In...