AUCTION RATE BOND - ARB
A debt security which possess an adjustable interest rate and a fixed term of 20 up to 30 years. The interest rate of an auction rate bond is derived via a modified Dutch auction (in which the price starts high and gradually decreases until buyers are located) on a fixed schedule every 7,14,28, or 35 days. Municipalities and non-profit institutions employs ARBs as a way to decrease borrowing cost on long-term financing.
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A run-up in housing prices fueled by demand, speculation and the belief that recent history is an infallible forecast of the future. Housing bubble ...
Low Exercise Price Option - LEPO
A call option for investors that has a price of 1 cent with an agreement to buy 1000 shares. This cannot be executed until its expiry. It works lik ...
Callable Security
A security with an enclosed call provision that gives the person who issues to redeem or repurchase the security by a particular period. Since the ...
Shadowing
Shadowing is the creation of values for variables that are not dependent strictly to market value. This means that these variable have market value ...
Pass-Through Rate
Pass-through rate is the net
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