CATASTROPHE SWAP
Financial instrument allowing insurers to guard themselves against hefty losses due to major catastrophe. Traded in the over-the-counter derivatives markets, two parties, the insurer and the investor, swap streams of periodic payments. The insurer’s payments are based on a portfolio of the investor’s instrument. The investor’s payments are based on possible natural disaster losses as postulated by a catastrophe loss index (CLI).
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Bond or preferred stock without the interest payment or dividend when bought or sold, with the knowledge the investor won’t get the next inte ...
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Refers to the act of an institutional investor of acquiring a controlling interest in a company. Normally, the investor in IBO will seek to give ou ...
Oligopoly
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