An abbreviation for liquid yield option note; a form of zero-coupon convertible bond (convertible zero-coupon bond) that was introduced by Merrill…

A process that involves increasing the number of outstanding shares by issuing more shares to existing shareholders. The number of…

A floating rate note (floater) in which the required return equals the quoted margin. When the required return is the...

An acronym for par equivalent CDS spread; a measure of the creditworthiness of a bond. It sets the bond’s Z-spread...

A measure of the creditworthiness of a bond. It sets the bond’s Z-spread curve against the CDS contract (CDS spread)....

Trading a debt security like a bond/ note at a price equal to its par value (face value). Face value/...

Trading a debt security like a bond/ note at a price lower than its par value (face value). Face value/...

Trading a debt security like a bond/ note at a price lower than its par value (face value). Face value/...

Trading a debt security like a bond/ note at a price exceeding its par value (face value). Face value/ par...

Trading a debt security like a bond/ note at a price exceeding its par value (face value). Face value/ par...