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Hi-Lo Floater

Also, high-low floater; a floater which is designed as a yield enhancement instrument. It has a premium rate that is...

High-Low FRN

A floating rate note (FRN) which is designed as a yield enhancement instrument. It has a premium rate that is...

High-Low Floating Rate Note

A floating rate note which is designed as a yield enhancement instrument. It has a premium rate that is equal...

High-Low Floater

A floater which is designed as a yield enhancement instrument. It has a premium rate that is equal to a...

FR Tranche

It stands for floating rate tranche; a CMO tranche in which the monthly coupon rate is typically set equal to...

Floating Rate Tranche

A CMO tranche in which the monthly coupon rate is typically set equal to a reference rate such as LIBOR....

Floating Rate Loan

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

Step-Up Coupon Note

A debt instrument (note) which comes with a step-up coupon; the amount of its coupon increases over time to maturity....

Support Tranche

A tranche (specifically, a CMO tranche) that is designed to protect investors from prepayment risk. To that end, it absorbs...

Zero-Coupon Instrument

A debt instrument that promises investors (holders/ buyers) a single fixed payment on a preset future date. In other words,...