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Banking

Coupon Rate

The rate which is earned on a bond purchased at a price equal to par value, and is paid by...

Nominal Interest Rate

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

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...