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Banking

Manufactured Dividend

A payment that is received by a securities lender for a dividend distributed on a loaned security. By agreement, the...

Market-Linked Debenture

A structured product that constitutes a loan taken by a firm from the market that bears no fixed rate of...

MLD

It stands for market-linked debenture; a structured product that constitutes a loan taken by a firm from the market that...

Reload Option

With respect to an employee stock option (ESO), it is an additional, new share option that is automatically granted when...

ZCC

An abbreviation for zero-coupon convertible; a convertible that comes with no annual coupon, but rather it is issued at a...

ZBA

It stands for zero-balance account; a corporate checking account in which a zero balance is maintained. Differently put, this constitutes...

Zero-Balance Account

A corporate checking account in which a zero balance is maintained. Differently put, this constitutes a disbursement account that always...

Zombie Bond

A highly speculative bond whose company has little or no chance of survival, and as such is mistaken for dead....

CDO

An abbreviation for collateralized debt obligation; a debt security that is collateralized (i.e., backed) by various types of debt obligations...

Bankruptcy Costs

The costs incurred by a firm due to bankruptcy such as lost sales (customers become reluctant to purchase from a...