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Accounting
Banking

Accounts Receivable Turnover Ratio

A financial ratio that relates the cost of goods sold to accounts receivable. This ratio is calculated by dividing the...

Asset-Light Debt

A type of corporate debt whereby the collateral value is below standard requirements (usually lower than 30% of the company’s...

Breakeven Yield Advantage

The amount of time it takes for the positive yield advantage to recover the premium paid for the downside protection,...

Accrual Accounting

An accounting method that is based on the recognition of income as earned and expenses as incurred, regardless of the...

Accrual Note

A note in which coupon amount is determined largely or entirely by an embedded range accumulation option, and where the...

Periodic Rate Cap

A cap that is placed on a resetting or periodic interest rate. It is usually purchased by a borrower who...

Benchmark Rate

The rate of return that is considered by investors to be the minimum rate they are willing to accept on...

Barrier Reverse Convertible

A reverse convertible that entails that the holder gives up the potential upside exposure to the underlying in exchange for...

BRC

It stands for barrier reverse convertible; a reverse convertible that entails that the holder gives up the potential upside exposure...

CMBS Interest Only

It stands for commercial mortgage-backed securities (CMBS) interest only (IO). These IOs (stripped mortgage products) are coupons stripped from an...