TRANCHE
A portion of securities with a unique set of characteristics. They are used in securitization.
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A portion of securities with a unique set of characteristics. They are used in securitization.
Moving a yield curve up or down to adjust the value of a portfolio or a fixed income transaction. This is done using basis points to move the long and short term
A reserve held out of premium. This is the amount needed to cover losses before maturation.
Insurance that pays out an agreed upon amount if loss should occur. Commonly life insurance. Refer to indemnity contract.
A holder of a derivative contract that plans to close out before maturity. Retail investors are commonly weak hands. Refer to strong hands.
The shortterm operating resources of a company. Refer to loan, gross working and net working capital.
When an investor shows interest in new securities. It is nonbinding because the securities are not yet registered. Refer to the defenition of circle.
A risk that causes loss that can be covered by the premium paid. Refer to uninsurable risk.
A group who facilitates international bond trading.
Logging of all datafile updates in database management, simultaneously, real time. The original file, damaged or destroyed, uses this log as an audit trail to reconstruct the database.
Lender fees, paid in dollars versus a percentage of the loan total. Described in unfavorable terms.
Reducing product costs even if being produced. A process involving effective waste management, continuous product improvement and raw material price reduction. Cost minimization is a strategy in overall product cost reduction.
Copy or copies of a code, password, or secret key protected by a third party for use in an emergency or when the originals) is(are) lost. Escrowed items may be separated to
British economist John Maynard Keynes established this economic theory. A stable, growing economy requires active government intervention is the concept embodied by the theory.
When medium term interest rates are higher than low or high. Refer to negative yield curve, yield curve, and positive yield curve.
Building, evaluating, and trading knowledge is the basis of this economy. Labor costs slowly decrease in importance while dwindling concern occurs over scarcity of resources and economies of scale, traditional economic concepts.
When a buyer locks in gains. Refer to the hatchet option, cliquet option, fixed and floating strike ladder option, or a shout option.
Warehouse keeper issues this document to a recently landed shipment’s consignee as the shipment is stored in the warehouse. The document gives details of the shipment and the date when demurrage charges
A given security’s most recently executed-transaction’s price.
A potential market with ready consumers identified for a product or service not yet offered. Finding this potential helps a company move towards new products or services with building demand. The first