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...

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

A type of floating-rate preferred stock whose dividend payments are determined at periodic auctions carried out by the issuer rather...

A type of floating-rate preferred stock whose dividend payments are determined at periodic auctions carried out by the issuer rather...

The reference rate which is used to calculate the premium that a bond buyer will pay. Adding a spread to...