LADDER OPTION
An option that allows the investor to lock-in a profit on the underlying asset or security once it reached predetermined price levels or "rungs" before the option expires. The price levels are usually settled in specific laddering distances above (call) or below (put) the exercise price in percentage form, usually 5% or 10%.
Also known as lock-step option or step-lock option.
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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 ...
Insider Buying
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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