An interest only (IO) security that pays a coupon inversely related to market rates (i.e.,  it moves in the opposite...

A bond (floater) with a coupon that depends on two different floating-rate indexes. Typically, this bond pays an above-market fixed-rate...

An exchange-traded fund (ETF) that faithfully tracks the performance of a market index without leverage (gearing). In other words, if...

The sensitivity of a convertible’s price to changes in parity value. More specifically, it measures the equity sensitivity of the...

A bond duration that expresses the bond yield with a compounding frequency of a specific number of time per year,...

The weighted average price that is paid to stockholders in a two-tier tender offer. For instance, if 60% of shares...

A real estate loan that takes the remaining principal balance and interest rate of an existing loan and blend them...

A tranche of a collateralized mortgage obligation (CMO) that converts a long-term mortgage product with irregular and unstable cash flows...

A financial security whose coupon rate is not fixed over its life. The coupon payments reset periodically according to a...

A convertible bond in which the conversion price is not predetermined but is kept floating. This bond converts into the...