INDEX AMORTIZING SWAP - IAS
Interest rate swap in which the notional principal amount changes based on the movement of the underlying interest rate. Basically, it is an over-the-counter contract between two parties on an amortizing notional principal swap, which may decline over the lifetime of the swap. The notional principal amortizes or decreases more quickly when short-term interest rates, index to widely used rate index such as LIBOR, drop, and amortizes much slowly when short-term rates increase. Also called index amortizing rate swap or indexed principal swap.
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Calamity Call
A call feature of a Collateralized Mortgage Obligation (CMO) mainly intended to lessen the reinvestment risk of the issuer. If the cash flow produc ...
Tax Expense
Amount of tax owed in a specific time period, as seen in the income statement. It is computed by multiplying the right tax rate of an individual or ...
Carried Interest
Portion of any profits compensating the general partners of private companies and hedge funds even without contributing to initial funds. It aims t ...
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Purchasing shares of stock in a company by an individual who works in that company. This is different from insider trading because the latter perta ...
AUD
The abbreviation for the Australian dollar on the currency market.
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