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A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. In the event that the buyer is u[阅读全文:]
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Former bond trader and former vice chairman of Salomon Brothers who is credited with introducing securitization to the financial world. Initially, mortgage[阅读全文:]
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A type of bond issued by the U.S. government during World War I. Liberty bonds were introduced as a means of financing the war effort in Europe. Bonds that[阅读全文:]
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A graphical representation of various maturities of the London Interbank Offered Rate (LIBOR), which is the short-term floating rate at which large banks w[阅读全文:]
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A debt in which the creditor has limited claims on the loan in the event of default. Limited recourse debt sits in between secured bonds and unsecured bond[阅读全文:]
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An index used by bond funds as a benchmark to measure their relative performance. The index includes government securities, mortgage-backed securities, ass[阅读全文:]
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A fixed-income index that focuses on asset-backed securities. The Lehman Brothers Asset-Backed Securities Index serves as the performance benchmark for man[阅读全文:]
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An unmanaged market-weighted index, comprised of government and investment grade corporate debt instruments with maturities of one year or greater. The Leh[阅读全文:]
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An index made up of mortgage-backed securities that is used for benchmarking purposes. The Lehman Brothers MBS Index consists of fixed-rate securities, suc[阅读全文:]
1. A right, exercisable warrant, or other feature that is added to a debt instrument to make it more desirable to potential investors by giving the debt ho[阅读全文:]