SMM
Single monthly mortality (SMM) is also known as ‘prepayment risk’. It is the percentage of the principal amount of mortgages in a mortgage-backed securities (MBSs). These mortgages are also prepaid in a specified month. Most investors of MBSs consider prepaid payments to be unfavorable as future interest is foregone.
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El Salvador Colon
Currency abbreviation for the El Salvador colón, the former official currency of El Salvador. The currency, comprised of 100 centavos, was r ...
Government Purchases
Expenditures made in the private sector by the government. In essence, these are important to the economy as contracts since it frequently stimulat ...
Filter
Criteria used to help investors narrow down which financial instruments are the most profitable.
Bankruptcy Financing
Financing arranged during the Chapter 11 bankruptcy. Extremely high risk, a debtor in possession seeks to fulfill its reorganization plan, discard ...
Time in Force
Special instruction used to denote the amount of time an order will be executed before executing it or its expiration. Especially important for act ...
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