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Trigger ACYN

An autocallable contingent yield note (ACYN) that represents an unsubordinated, unsecured debt obligation issued a firm (the issuer), linking it...

Trigger Autocallable Contingent Yield Note

An autocallable contingent yield note (ACYN) that represents an unsubordinated, unsecured debt obligation issued a firm (the issuer), linking it...

Premium Bond

A bond that is issued at a price above its face value (par value) or whose market price exceeds its...

Outperformance Certificate

A certificate that allows investors to participate disproportionately in the price gains compared to a direct investment in a security,...

PDV

An acronym for present discounted value; the value (also known as present value) that is calculated today for a stream...

Present Discounted Value

The value (also known as present value) that is calculated today for a stream of future payments associated with, i.e.,...

Premium

The premium or agio (from Greek: allag = exchange) for securities (debt securities) such as bonds is the amount by...

PV

It stands for present value; the value that is calculated today for a stream of future payments associated with, i.e.,...

Present Value

The value that is calculated today for a stream of future payments associated with, i.e., generated from, an instrument/ a...

Right of Termination

The right of the issuer to terminate certain certificates at fixed dates. The issuer also reserves the extraordinary right of...