The return which is realized during the period a bond is held (therefore, it is a holding period return). If...

A measure of yield that reflects the actual yield-to-maturity earned on an investment (security). In other words, it represents the...

A preferred stock that is issued by one firm and backed as to dividends by one or more other firms....

A callable bond in which the coupon is significantly above current market interest rates. In other words, the bond is...

An interval between the time a callable bond is issued and the time it can be called by the issuer....

A note on which the spread varies over time depending on the change in the perceived credit risk of the...

It stands for variable rate note; a note on which the spread varies over time depending on the change in...

The ordinary type of a repo which entails that two parties enter into a contract to trade securities (bonds, stocks,...

An out-of-the-money convertible; a convertible whose underlying share price is below the conversion price. As share prices fall, the convertible's...

A synthetic structure that consists of a single tranche. It is simpler than a standard synthetic tranche and can be...