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One of the two bid processes for buying debt issuances. Non-competitive tender is for small investors, while competitive tender is for large institutional [阅读全文:]
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Any type of security that is difficult to buy or a sell because it does not trade on a normal market or exchange. These types of securities trade over the [阅读全文:]
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A full-recourse loan that is securitized by accounts receivable (AR). Customers making accounts-receivable payments are not notified that their account/pay[阅读全文:]
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A debt obligation where the borrower has not paid any previously agreed upon interest and principal repayments to the designated lender for an extended per[阅读全文:]
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A broad term describing mortgages that do not take the traditional form. A traditional mortgage would require a relatively high initial down payment of abo[阅读全文:]
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In a municipal bond issue, a ratio measuring the value of the municipality's net debt compared to the specified value of the real property being purchased[阅读全文:]
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A ratio comparing the net value of a municipal bond issue to the estimated market value of the property secured by the debt. This ratio can differ signific[阅读全文:]
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A provision in a municipal bond issue that requires the issuing municipality to use net revenues (revenues left after expenses) from the project being f[阅读全文:]
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The NYSE requirement that all orders for nine bonds or less be sent to the floor for one hour, in which time a market is sought. The rule doesn't apply if[阅读全文:]
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When the shape of a bond's yield curve is concave. A bond’s convexity is the rate of change of its duration, and is measured as the second derivativ[阅读全文:]