A tranche of a collateralized mortgage obligation (CMO) that accrues by adding the interest amount to the face value of...

A floater which in which interest (coupon) accrues only on days when the reference rate (floating rate) such as LIBOR...

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

A structured note (accrual note) in which interest (coupon) accrues only on days when the reference rate (floating rate) such...

A bond warrant that doesn't become exercisable until the host bond becomes callable. As such, if the warrant is exercised,...

The margin or deposit that is tied up to cover a position taken by a financial intermediary such as a...

A debt instrument (bond) that combines the features of debt and equity. In other words, it is typically located in...

The risk that mortgage brokers encounter in their business- i.e., provision of commitments to mortgage borrowers. It arises from adverse...

It stands for fair market value; the price at which an asset or service is paid by a willing buyer...

The price at which an asset or service is paid by a willing buyer to a willing seller under normal...