SOFT CALL PROTECTION
The prevention of the issuer of a bond by an indenture preventing the recovery of the bond until the attainment of a certain price or a distinct percent of the conversion price
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The prevention of the issuer of a bond by an indenture preventing the recovery of the bond until the attainment of a certain price or a distinct percent of the conversion price
A contract granting the issuer of a bond a fixed spread for a short time before the trade is complete. This guarantees the price will be a reference not a spread. Refer
An attempt to generate value by the way an assets dynamic movement in the market is described without considering the assets history. Refer to markov process.
The deviation of the focus of a hedge fund or investment company to generate alternate investment opportunities. This change in consistency may be risky because the new opportunity may not have been
A forward agreement to buy undrawn loans or credit agreements. The investor gets a commitment fee. AKA synthetic credit facility.
The smallest amount that can be traded in bonds and securities.
A banks core capital in the form of stocks, earnings, and reserves. Refer to tier 2 capital and economic capital.
A financial institution that cannot fail without effecting the market. So they are granted help from central bank and possibly given bail out.
When futures, options, and equity settle on the same day. This happens once each quarter.
Issuing securities on the primary market for an issuer. Or the act of predicting risk to ensure the possible gains are worth the risk. Refer to allornone underwriting, best efforts underwriting, and
a building that does not have any contents or inhabitants.
When distressed assets of uncertain worth are sold at a deep discount. Refer to fire sale and vulture fund.
An unsophisticated investor. They are protected from fraud or bad advice. Refer to aunt millie.
An event that suspends coupon interest and principal when losses meet an agreed upon amount. Also called an indemnity or parametric trigger.
Where private information is used to create more profit. Sometimes this is considered a crime and punished. Refer to gun jumping.
A bank started in 1946 to help the post war efforts. Also called a world bank or international finance corporation.
Electronic cash register (ECR) or point of sale (POS) systems remote printer. Records cash transactions on a narrow (20column) paper tape at retail locations. An example is a supermarket checkout counter.
Subordinate investment vehicle, like a bond, debenture, stock share, whose claims and rights are subordinate or secondary to senior, primary investment vehicles. These claims and rights involve the assets and earnings of
Theory that bad things happen to people due to their previous bad acts. human tendency to rationalize injustice thinking that people will eventually want get what they want because the world is
Computer operating system nucleus. Manages core operations and hardware resources allocation. Also refer to shell.