A stock (share of stock) that has an arbitrary value established in the articles (charter) of its issuer (i.e., the...

An instrument (part debt and part equity) that gives the holder the right, but not the obligation, to exchange his…

A type of convertible that has no current yield because it pays no coupon. However, the bond has a positive…

A bond (a variable interest bond) whose coupon payment starts to increase after an initial period. It pays an initial…

It stands for constant maturity Bermudan swaption; a Bermudan swaption in which the option (on the underlying swap) can be…

In the context of bonds (specifically bond indentures), this refers to a term providing for a premium to par value…

An abbreviation for deferred-interest bond; a special type of deferred-coupon bond in which coupon interest is deferred for a specified…

A collateralized mortage obligation (CMO) that is issued by a government agency or a government-sponsored enterprise. Speicifically, the agency or…

The increase in the value of a bond that results from buying the bond at a discount from face value (par…

A variant of barrier reverse convertible (BRC)- a structured product– that pays a coupon on a frequent basis (e.g., quarterly)…