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Tripartite Repo

A type of repo in which a three-way agreement is entered into to facilitate settlement and daily margining. The three...

Term-Rate-Indexed Repo

A type of floating rate repo (variable rate repo) which is linked to a term index such as LIBOR or...

Trust-Me Repo

A form of repurchase agreement (repo) in which the borrower of cash doesn't deliver out the collateral, but rather keeps...

Tranche

One of an array of related securities (security issues), each of which is characterized by different return patterns, cash flows,...

Funded Tranche

A synthetic CDO tranche in which the CDO investor pays the notional amount of the tranche at inception, and the...

Fake Perpetual Floating-Rate Note

A perpetual FRN (perpetual floating rate note) which contains a call option given to the issuer. However, if the issuer...

XW

A symbol for ex-warrants; a financial security (stock, bond, etc) that is sold without the warrants that were attached thereto...

Adjustable-Rate Loan

A loan whose interest rate payments change over the life of the loan. Typically, the adjustable interest rate is tied...

Adjustable-Rate Preferred Stock

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

Distressed Asset Sale

The sale of an asset at less than its market value (or intrinsic value) in order to obtain funds as...