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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...

Simple Interest

The interest that is calculated only on the principal amount or on a portion of the principal that is still…

Usury In Debts

Interest (usury or riba) that is earned on lending money to another party (or interest that is paid on borrowing…

Worst-Of Multi-Barrier Reverse Convertible

A variant of barrier reverse convertible (BRC)- a structured product– that is subject to more than one barrier (a continous…

Indexed LYON

A liquid yield option note (LYON) whose principal amount was tied to the performance of the NYSE Composite Index. This…

CTRS

It stands for currency total return swap; a total return swap (TRS) that allows the buyer to hedge against both…

ELK

An abbreviation for equity-linked security; an equity-linked debt issue whose returns are keyed to the performance of a common stock…

Principal Protected ARBN

An absolute return barrier note (ARBN) (a structured product) in which the coupon is linked to an underlying security or…