INDEX TRIGGER

An event that suspends coupon interest and principal when losses meet an agreed upon amount. Also called an indemnity or parametric trigger.

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Related Legal Terms
INDEMNITY TRIGGER, FIXED TRIGGER, DUAL TRIGGER, CONTINGENT TRIGGER, PARAMETRIC TRIGGER, TRIPLE TRIGGER, MULTIPLE TRIGGER PRODUCT, TRIGGER, RECAST TRIGGER, EUROPE, AUSTRALIA, AND FAR EAST INDEX (EAFE INDEX)


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