It stands for first-loss piece or first-loss position; a tranche that comes with the lowest priority amongst the entire set...

A debt instrument which gives the issuer the right to deliver more instruments (i.e., bonds)- considered a new tranche by...

The tranche of a CDO (collateralized debt obligation) that has its own risk characteristics and loss-absorption priority (seniority). There are...

An abbreviation for collateralized mortgage obligation. A mortgage-backed bond where holding investors are divided into tranches (maturity classes) and principal…

In relation to fungible bonds (funged bonds) and parent bonds, it is a tranche (part of different tranches) that are...

One of the two legs of a tranche (vanilla tranche/ plain vanilla tranche), with the other one being a tranche…

One of the two legs of a tranche (vanilla tranche/ plain vanilla tranche), with the other one being a tranche...

One of the two legs of a tranche (vanilla tranche/ plain vanilla tranche), with the other one being a tranche...

One of the two legs of a tranche (vanilla tranche/ plain vanilla tranche), with the other one being a tranche...

A synonym for fungible issue; a debt issue that is attached to an existing issue (a parent bond), with the...