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A type of forward financial contract that creates an obligation for its investors to purchase a particular bond issue at a specified yield at some date in [阅读全文:]
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A special purpose vehicle (SPV) that is used to pool mortgage loans and issue mortgage-backed securities (MBS). Real estate mortgage investment conduits (R[阅读全文:]
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The actual amount of return earned on a security investment over a period of time. This period of time is typically the holding period which may differ fro[阅读全文:]
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A specific type of letter of credit in which a buyer extends an unsecured loan to a seller. Red Clause Letters of Credit permit documentary credit benefici[阅读全文:]
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The act of discounting a short-term negotiable debt instrument for a second time. Banks may rediscount these short-term debt securities to assist the movem[阅读全文:]
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A price at which the underwriting syndicate of a debt issue resells the bonds to public investors. The syndicate will purchase the bonds for a specified am[阅读全文:]
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An agreement made between a debtor and a creditor to repay some or all of a debt. Reaffirmations are made on a purely voluntary basis by the debtor. The ba[阅读全文:]
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Refers to a series EE savings bond which has been issued after December 1989 and purchased by an individual at least 24 years of age.
|||The [阅读全文:]
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A type of interest rate risk which asserts that the characteristics of interest rate fluctuation are variable (as opposed to constant) over a period of tim[阅读全文:]
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A sizeable decline in interest rates that may trigger or cause companies to call in bonds that otherwise pay high coupon or interest rates. Because these b[阅读全文:]