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Banking

Implied Repo Rate

The rate which results from a cash/futures arbitrage. More specifically, it is the rate of return that an investor can...

Annuity Swap

An amortizing swap in which an irregular payment streak is exchanged for a regular payment flow of the same present value. To...

Usury In Debts

Interest that is earned on lending money to another party (or interest that is paid on borrowing money from another party)....

Invoice Price

The stated price (flat price) of a bond in a quote sheet plus accrued interest. In other words, it represents the present value...

Daily Interest

Interest is considered accrued when it is added to the balance on the account, which accrues on loans such as...