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Slang for the Washington Public Power Supply System (WPPSS), which made the record books with the largest municipal bond default in history.
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A line of credit extended by a financial institution to a loan originator to fund a mortgage that a borrower initially used to buy a property. The loan typ[阅读全文:]
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A warrant that can only be exercised if the host asset, typically a bond or preferred stock, is surrendered. Until the call date of the host asset is re[阅读全文:]
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The weighted-average gross interest rates of the pool of mortgages that underlie a mortgage-backed security (MBS) at the time the securities were issued. A[阅读全文:]
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The weighted average of all the bond credit ratings in a bond fund. The measure gives investors an idea of how risky a fund's bonds are overall. The lower[阅读全文:]
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The average number of years for which each dollar of unpaid principal on a loan or mortgage remains outstanding. Once calculated, WAL tells how many years [阅读全文:]
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A bond with floating coupon payments that are adjusted at specific intervals. The bond is payable to the bondholder upon demand following an interest ra[阅读全文:]
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A debt instrument that represents borrowed funds that are payable on demand and accrue interest based on a prevailing money market rate, such as the prime [阅读全文:]
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A type of debt instrument used in a particular type of short-term loan agreement in which the seller of goods or merchandise sells them to the buyer, but a[阅读全文:]