CLIQUET
Extended exotic option which designates and resets its strike price at the level of the underlying before the final expiration date. Every forward start option with cliquet enters into force once the previous option expires. Investors can receive the payout when each option expires or wait for the entire series to play out. Also called cliquet option or ratchet option.
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Tax Court
Specialized court of the law handling and adjudicating tax disputes and issues. In the United States, the Congress has established a federal court ...
Accrual Swap
An interest rate swap which a counterparty pays reference rate, it is usually a three to six month of LIBOR.
Key Rate
A specific interest rate that decides bank lending rates and the credit cost for borrowers. Discount Rate and the Federal Funds rate are the two ke ...
Alternative Order
A mandate of an investor to buy or sell stock using a first come first served basis policy. It is also called the one cancels the other orders. ...
Catalog of Federal Domestic Assistance – CFDA
Government-wide compendium of Federal assistance programs, projects, activities, and services, which offers financial and nonfinancial assistance o ...
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