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Equivalent Bond Yield

The yield on a discount bond that is computed in the same way the yield on a coupon bond is...

Ex-Dividend

An interval during which a company's stock no longer carries the right to the next dividend payment because record date...

Entry Price

The purchase price/ transfer price of an asset/ liability that is determined based on the amount required to exchange the...

Ex-Dividend Date

The date on which the holder of a stock will still receive a specific dividend payment. It is the first...

Repo To Maturity

A standard repo whose termination date matches the maturity date of the security (e.g., bond, note, etc.) In other words,...

Repo Spread

The difference between the general collateral rate (general repo rate) and the specific collateral rate (special repo rate): s =...

Exit Price

The sale price/ transfer price of an asset/ liability that is determined based on the amount required to exchange the...

Eligible Margin Loan

An extension of credit which is collateralized by debt or equity securities that are liquid and highly marketable. The collateral...

Vega of a Convertible

The sensitivity of a convertible’s value to changes in the volatility of the underlying stock (mathematically, it is a first-order...

Variable-Rate Preferred Stock

A preferred stock whose dividend is readjusted at specified periods based, for example, on the maximum of a set of...