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

An abbreviation for hold-in-custody repo; a form of repurchase agreement (repo) in which the borrower of cash doesn't deliver out...

The period during which a convertible bond (CB) cannot be called by the issuer at all. In other words, the...

The unrestricted or unconditioned right of an issuer to redeem a convertible. More specifically, the bond may be redeemed without...

A Latin phrase that means "on equal footing", "with equal pace", or "with equal step". Pari passu clauses are very...

The unrestricted or unconditioned right of an issuer to redeem a convertible. More specifically, the bond may be redeemed without...

A certificate of deposit (CD) that is issued by a bank or depository institution to institutional investors and other high-net-worth...

A certificate of deposit (CD) that is issued by a bank or depository institution to institutional investors and other high-net-worth...

It is the rate which results from a cash/futures arbitrage. More specifically, it is the rate of return that an...

A convertible that is issued by a company with low or deteriorating credit quality. In other words, the issuer of...