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Step-Down

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

Turbo Triggered Liability Amortization

A structural feature involves imposition of a priori requirements structured liability amortization through a timetable of time steps and corresponding…

Turbo Trigger

A structural feature that gives protection to senior bondholders (noteholders) against a deterioration of credit support. It applies a host...