摘要:
An interest rate that is allowed to fluctuate, but which cannot surpass a stated interest cap. For example, a 10-year loan may be issued to a borrower at 6[阅读全文:]
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A call provision in municipal bonds that allows for the early redemption of the instrument if a catastrophic event occurs and severely damages the project [阅读全文:]
摘要:
Short-term obligations, usually ninety days or less, that provide a return in the form of interest payments.
|||Examples are money-market fun[阅读全文:]
A strategy in which an investor divides the amount of money to be invested into equal amounts to certificates of deposit (CDs) with different maturity date[阅读全文:]
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A short-term security sold by the U.S. Department of the Treasury. The maturity on a CMB can range from a few days to six months. The money raised through [阅读全文:]
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A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate and can be issued in any denomi[阅读全文:]
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A cat spread is a type of derivative traded on the Chicago Board of Trade (CBOT) that takes the form of an option on a catastrophe futures contract. In oth[阅读全文:]
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U.S. Treasury fixed-income securities that are stripped of their coupon payments and provide payment of face value. These are synthetic securities offered [阅读全文:]
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A protective provision of a callable security prohibiting the issuer from calling back the security for a period early in its life.
|||The ca[阅读全文:]
摘要:
A provision on a bond or other fixed-income instrument that allows the original issuer to repurchase and retire the bonds. If there is a call provision in [阅读全文:]