SHORT COUPON
Short Coupon is a bond payment that is shorter in terms of time interval than the normal. More often than not, a short coupon is the first coupon of the bond. It is used by issuers that has a specific date in mind to make bond payments.
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Dual Banking System
Banking system where state banks and national banks are chartered and regulated at various levels. Existing in the United States, national banks ar ...
Drop Dead Date
Provision in an agreement or contract stating the final deadline that will automatically trigger adverse consequences. It pertains to the last poss ...
Mortgage Banker
A company, individual, or entity who lends mortgages. These bankers utilizes their own funds or funds taken from a depot lender to finance mortgage ...
Intangible Personal Property
A property without intangible value and cannot be seen, touched or held. This includes copyright, goodwill, trademarks, and patents. A copyright do ...
Quadruple Witching
Basically, quadruple witching is the day in which all contracts for stock index options and futures, single stock futures, and stock options expire ...
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