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Principal Amount

The face value (par value) of an investment/ security/ instrument, etc. It is the original/ initial stated amount that is...

Principal

The face value (par value) of an investment/ security/ instrument, etc. It is the original/ initial stated amount that is...

Zero-Coupon Convertible Bond

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

Fixed-Fixed Currency Swap

An interest rate swap in which both counterparties pay fixed rate in their respective currencies. It is a type of…

Zero-Coupon Mortgage

A long-term commercial mortgage loan in which all payments of principal and interest are deferred until maturity. In this loan,…

Step-Up Bond

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

Step-Down

In the context of subprime deals, it is a provision that entails the conversion of deal structure from sequential pay…

Subordinated Convertible Debenture

A type of convertible debt in which the right to receive principal and/or interest is convertible at the discretion of…

Stripping

A structuring technique which involves the purchase of ordinary bonds (usually, U.S. Treasury bonds) and the repackaging thereof in a…

Financing-Based Crowdfunding

A crowdfunding which involves the crowd lending to businesses (people to business/ person to business- P2B) or to persons (peer…