SURPLUS NOTES
Debt where securites are issued directly by a company not a trust. They mature in 10 to 30 years and must be approved by an insurance regulators.
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Debt where securites are issued directly by a company not a trust. They mature in 10 to 30 years and must be approved by an insurance regulators.
When a hedge is discounted using present value because the value changes daily.
Mapping interest rates across time on a yield curve. Refer to expectation, liquidity preference, and market segmentation theory.
A spread that takes advantage of volatility or percieved price in the forward market. This happens when options are traded with the same strike price but different maturity dates. AKA calendar spread
The potential for a credit rating of a company to go from one class to another.
When a take over happens because stockholders are offered a great price for a first cut off date. The remaining holders get a less attractive deal. Refer to anyandall bid and fair
Stock that is available to be sold through corporate charter but isn’t.
The price changes that occur compared to a %1 volatility change.
The process of comparing value to variable changes in the market. Part of the markov process. It is used in pricing options.
a term used to refer to a table in progress that is not yet able to be used in rating.
When an industrial company issues a paper. Refer to financial paper.
A broker who works with dealers. They do this confidentially.
The act of adding a middle man simply to boost commissions. Refer to affirmative and negative obligation.
Debt-repayment security for one or more creditors when a court order places a claim on a debtor’s property situated within the court’s jurisdiction. Also refer to attachment.
Entity, as a firm, that is not a single natural person, as a human being, authorized by law with duties and rights, recognized as a legal authority having a distinct identity, a
Knowledge Exchange as the basis of an economy where knowledge capital is the defacto currency, an underlying premise in knowledge-based economies .
The effect losing one important member of the team causes.
Telex machine wire fund transfer messages authenticated using code (key) numbers. Contrast to modern digital data transfer. .
Process of grouping, packaging, and shipping one unit comprised of several other finished good. For example, in ordering a PC online, the supplier builds a customized kit, assembled and shipped as one
Specific information content or requirements distinguishing job, process, or task.