摘要:
The rate on a securitized asset pool - such as a mortgage-backed security (MBS) - that is "passed-through" to investors once management fees and guarante[阅读全文:]
摘要:
The discount from par value at the time that a bond or other debt instrument is issued. It is the difference between the stated redemption price at maturit[阅读全文:]
摘要:
The process of posting more collateral than is needed to obtain or secure financing. Overcollateralization is often used as a method of credit enhancement [阅读全文:]
摘要:
The par value of a mortgage-backed security at the time it is issued. Unlike most other types of bonds, mortgage-backed securities return both principal an[阅读全文:]
摘要:
A series of fixed payments made at the end of each period over a fixed amount of time.
|||An ordinary annuity is essentially a level stream o[阅读全文:]
摘要:
Mainly used for fixed-income products, OAS measures the yield spread that is not directly attributable to the security's characteristics.
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摘要:
The most recently issued U.S. Treasury bond or note of a particular maturity. These are the opposite of "off-the-run treasuries".
|||When q[阅读全文:]
摘要:
The U.S. Treasury yield curve derived using on-the-run treasuries. The on-the-run Treasury curve is the primary benchmark used in pricing-fixed income secu[阅读全文:]
摘要:
A clause in a revenue-bond agreement that permits the issuance of additional revenue bonds in the future, provided that the revenue of the previous year[阅读全文:]
摘要:
A municipal bond used to secure a mortgage on property or other physical assets that can be liquidated. The face value of the bond is greater than the valu[阅读全文:]