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Banking

Corridor Floater

A floater (FRN) in which a higher coupon is paid should a particular reference rate is within a specific range...

Special Assessment Bond

A municipal bond that is issued by cities and towns for the purpose of funding a specific development project to...

Special Dividend

A dividend that is paid for exceptional reasons and is unlikely to be paid again in the foreseen future, if...

Realized Yield

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

Realized Compound Yield

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

Guaranteed Stock

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

Cushion Bond

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

Cushion

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

Variable Rate Note

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

VRN

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