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Face Interest Rate

The interest rate that is expressed and shown as a percentage interest on the "face" of a bond or a...

Convertible Par

The face value of a convertible, i.e., the value that a holder redeems at maturity. The market price of a...

IO Loan

It stands for interest-only loan; a form of loan in which the borrower only pays interest over the loan's life,...

Interest-Only Loan

A form of loan in which the borrower only pays interest over the loan's life, while repayment of the principal...

Secured Loan

A loan that is guaranteed by collateral and therefore has often lower interest rates than otherwise an identical, but unsecured,...

Bullet Loan

A form of loan in which the borrower only pays interest over the loan's life, while repayment of the principal...

Straight-Term Loan

A form of loan in which the borrower only pays interest over the loan's life, while repayment of the principal...

Gestation Period

In general, it constitutes the time between deployment of funds for a specific project/ use and the start of actual...

Mortgage Whole Loan

A mortgage loan, residential or commercial, that is extended to a borrower in whole- i.e., without securitization. The loan is...

Consumer Whole Loan Repo

A type of whole loan repo in which the collateral is a consumer debt such as credit card and automobile...