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Bullet Security

A fixed-income security (usually a bond) that has no early redemption features (callability or embedded call option). Bullet securities (bullets)...

Redemption

The process of buying back (or selling back) shares of preferred stock or mutual fund shares by (to) the issuer...

FX Target Accrual Redemption Note

A target accrual redemption note (TARN) (basically, a long-dated FX product) which allows counterparties to link to floating-rate benchmarks in...

FX Target Redemption Note

A long-dated FX product which allows counterparties to link to floating-rate benchmarks in the funding currency. This target redemption note (TARN), as the...

Foreign Exchange Target Redemption Note

A long-dated FX product which allows counterparties to link to floating-rate benchmarks in the funding currency. This target redemption note (TARN), as the...

FX-TARN

An abbreviation for foreign exchange target redemption note (also termed: FX target accrual redemption note); a long-dated FX product which allows counterparties to link to...