ACTIVE TRANCHE
A collateralized mortgage obligations (CMO) tranche that is at present receiving principal payments given via its investors. While the payment of interest for all tranches of a CMO is given at the time when it is first issued, the principal payments for each tranche are done according to a given schedule specified in the CMO prospectus. The tranche turns into active tranche on the period when the principal payments are received(and paying out to investors) as per the schedule, as an additive to the interest.
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Asset Substitution Problem
A problem which arises when a company trades its low-risk assets for high-risk investments. This substitution moves the value from the bondholders ...
Lawful Money
Any currency, in coin or paper form, that is issued by the United States Treasury, not the Federal Reserve System. It also includes gold and silver ...
Red Clause Letter Of Credit
It refers to a specific type of letter of credit where a buyer extends an unsecured loan to a seller. This permits documentary credit beneficiaries ...
Trust Certificate
Bond or debt investment backed by other assets and serve like a collateral. Normally in a public company, the assets may be seized or sold for the ...
Cowboy Marketing
Slang term for a situation in which a firm is unaware a marketer sends massive spam emails to everyone promote the stock, instead of producing legi ...
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| Time | Country | Indices | Period |
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| 05:00 | Credit Card Spending | Mar | |
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| 14:30 | Raw Materials Price Index | Mar | |
| 16:00 | Consumer Confidence | Apr | |
| 02:30 | PMI Manufacturing | Apr | |
| 02:30 | Tertiary Industry Index | Apr | |
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| 08:00 | Public Sector Net Borrowing | Mar |
