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Interest income that is exempt from federal income tax. Although it is not directly taxed, this income may still be required to determine other tax calcula[阅读全文:]
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The market niche comprised of investment vehicles exempt from federal taxes. Nearly all investments in this area are municipal bonds, which cannot be ta[阅读全文:]
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A letter of credit that has been pre-funded by the bank on the closing date, instead of when the funds are drawn as needed. The funds accessible through a [阅读全文:]
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A type of financial institution that provides a long-term mortgage on property. This mortgage will replace interim financing, such as a construction loan. [阅读全文:]
A procedure that allows borrowers to sell bonds or other short-term debt instruments from past issues. The bonds are issued at their original face value, m[阅读全文:]
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A type of credit derivative that is similar to a planned amortization class (PAC) in that it protects investors from prepayment; however, it is structured [阅读全文:]
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Unique bills sold at a discount and maturing within 23 to 273 days that the United States Treasury Department issues to investors. Since 1975, the Treas[阅读全文:]
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Short-term debt securities issued in anticipation of future tax collections.
|||TANs are generally issued by state and municipal governments [阅读全文:]
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A Eurobond that is issued by a Japanese issuer and does not count against a Japanese institution's limits on the holdings of foreign securities.
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The name given to the swap's equivalent of a yield curve. The swap curve identifies the relationship between swap rates at varying maturities.
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