Another term for modified duration; a tool that is used to measure the change in the value of a financial...

A bond which is typically issued with a special provision allowing the initial interest to be reset on specified dates so that...

A debt security that represents an amount of money owed by the bond issuer to a bondholder. The issuer is...

An amount of money that is lent by a person or an entity to others (including individuals, entities, etc.) The...

Capital that is issued, through shares, for a specific period of time to meet the issuers urgent needs of funding. Companies...

Commonly, it is the additional amount (spread) that the issuer of a debt instrument (such a bond or a floater)...

A bond in which a percentage of coupon payments is converted into capital (principal). In other words, the capital amount outstanding is increased over...

A duration measure that is derived from multiplying a bond's modified duration by the bond price. It is the price change for a 100 basis points change in yield....

A convexity measure that captures the the approximate change in a bond's dollar price that is not explained by duration. Dollar convexity= convexity ×...

It stands for participatory note; a note that is used by investors to gain exposure (participation in the upside) to...