LCDS
A credit derivative where the credit exposure of an underlying loan is switched between two entities. Its structure is similar to a regular credit default swap, except the basic reference entity is strictly limited to syndicated secured loans, not on any loan or bond. Sometimes these are used for creating bets on the credit quality of an entity.
Also called loan-only credit default swap.
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Robert C. Merton
American economist who won the 1997 Nobel Memorial prize in Economic Sciences, along with Myron Scholes, for developing the Black-Sholes model, whi ...
Buy Stops Above
Recommendation to purchase a given security once a security’s price surpasses a particular resistance level by putting a buy stop order at th ...
Admitted Company
An insurance company admitted and allowed by an another state to transact insurance business despite having a domiciled status on an another state. ...
Black Box Model
Computer program, process, or system processing the information entered by the user using pre-programmed logic in order to produce the user’s ...
Form 3903
A form issued by the IRS and used by taxpayers to deduct moving expenses related to taking a new job.
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