The actual weighted- average coupon (WAC) of a pool of mortgages that backs a security. Gross WAC reflects the investor's...

It stands for gross weighted average coupon; the actual weighted- average coupon (WAC) of a pool of mortgages that backs...

It stands for first-loss piece or first-loss position; a tranche that comes with the lowest priority amongst the entire set...

With respect to a series of bonds, a bond or debt security whose class is subordinated to other securities (of...

It stands for collateralized debt obligation trust preferred security; a collateralized debt obligation (CDO) that is backed by a portfolio...

It stands for collateralized debt obligation trust preferred security; a collateralized debt obligation (CDO) that is backed by a portfolio...

It stands for collateralized debt obligation trust preferred security; a collateralized debt obligation (CDO) that is backed by a portfolio...

It stands for collateralized debt obligation trust preferred security; a collateralized debt obligation (CDO) that is backed by a portfolio...

It stands for collateralized debt obligation trust preferred security; a collateralized debt obligation (CDO) that is issued on a pool...

A preferred stock that is not convertible, or exchangeable for, common equity (common stock), or other security, of the issuer....