lose+value
131negative convexity — A phrase use to describe a particular type of instability in the duration of an instrument. Negative convexity means that as yields rise, duration rises and as yields fall, duration falls. Graphically, this is seen as a price/yield curve for… …
132annuitant — An individual who receives benefits from an annuity. Bloomberg Financial Dictionary * * * annuitant an‧nu‧i‧tant [əˈnjuːtnt ǁ əˈnuː ] noun [countable] INSURANCE someone who has an annuity and receives a sum of money from it, usually monthly or… …
