Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.
Single Tranche CDO — is a natural extension of full capital structure Synthetic CDO deals. These are bespoke transactions where the bank and the investor work closely to achieve a specific target. In a bespoke transaction, the investor has 100% say on the rating of… … Wikipedia
single-payment loan — Another name for a time or balloon loan. A closed end loan that does not require periodic principal payments. Instead, the full amount is due at maturity. American Banker Glossary … Financial and business terms
Constant maturity swap — A constant maturity swap, also known as a CMS, is a swap that allows the purchaser to fix the duration of received flows on a swap. The floating leg of an interest rate swap typically resets against a published index. The floating leg of a… … Wikipedia
Average Effective Maturity — For a single bond, it is a measure of maturity that takes into account the possibility that a bond might be called back to the issuer. For a portfolio of bonds, average effective maturity is the weighted average of the maturities of the… … Investment dictionary
Capability Maturity Model Integration — (CMMI) is a process improvement approach that provides organizations with the essential elements of effective processes. [cite web title = What is CMMI? url = http://www.sei.cmu.edu/cmmi/general/index.html accessdaymonth = 23 September accessyear … Wikipedia
final maturity — The maturity date of the single loan in a pool of mortgage loans that has the maturity date furthest in the future. Because mortgage loans tend to be repaid sooner than their contractual maturity dates, the actual final payment is likely to occur … Financial and business terms
yield-to-maturity — ( YTM) The annual percentage yield of a security calculated in a specific manner. The yield to maturity is the single discount rate that, when applied to all future interest and principal payments, produces a net present value equal to the… … Financial and business terms
bond — 1 n 1 a: a usu. formal written agreement by which a person undertakes to perform a certain act (as appear in court or fulfill the obligations of a contract) or abstain from performing an act (as committing a crime) with the condition that failure … Law dictionary
Bond Ladder — A portfolio of fixed income securities in which each security has a significantly different maturity date. The purpose of purchasing several smaller bonds with different maturity dates rather than one large bond with a single maturity date is to… … Investment dictionary
nominal value — Under the Companies Act 1985 shares may be issued by the company to shareholders in return for cash or other value equal to or greater than its nominal value. Shares in the authorised share capital are available to be issued. The issued share… … Law dictionary
