A reverse repurchase (repo) agreement by which a mortgage firm sells federally guaranteed mortgage-backed securities (MBSs) to a securities dealer...

The parties to a contract (financial or non-financial), ultimately obligated by contractual terms, sign the contract in their own capacity,...

A fraudulent practice that is usually undertaken by option-holding executives who manipulate the exercise of options to illegally maximize their...

A bond that pays large coupons over its life. This bond typically sells at par, while the holder receives a...

A bond that pays large coupons over its life. This bond typically sells at par, while the holder receives a...

With respect to convertible bonds, it is the principal amount divided by the bond's conversion ratio, which is actually the...

A bond that is issued for the sake of refinancing an existing bond issue before maturity. The proceeds from the...

A credit (in the form of loans, bonds, etc) that fills in the cusp between an investment-grade credit and a...

A tranche that is created from the collateral tranche (in a CMO structure), and whose coupon rate is inversely related...

A turbo certificate (knock-out certificate) in which the knock-out barrier (KO barrier) is set equal to the strike price. If...