FAIRWAY BOND
A type of bond that becomes attractive if the embedded index or interest-rate option underlying the bond remains within a specified range. The yield can be increased if the option remains within a certain range during the time the bond is held. Also known as "corridor bond", "index range note", "range accrual note", or "index floater".
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Subprime Meltdown
Situation which affected the mortgage industry in 2007 because of approving individuals with poor credit rating. The housing boom in mid-2000s and ...
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In the Pink
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