RESIDUAL INTEREST BONDS - RIBS
A type of inverse floating-rate bond created by dividing the income from a municipal bond into two portions. The municipal bondholder will create two new securities: a primary direct floating-rate bond and a residual inverse floating-rate bond. The floaters will be linked to a reference interest rate, such as LIBOR, and the municipal bond's income will be used to pay the coupon on the direct floater, with any remaining income going toward the residual interest bond.
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Pre-Foreclosure
A property status that is in the early stage of being repossessed because of inability of the owner to pay an outstanding mortgage obligation.
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Active Bond
A bond or a different fixed-income security which is most often traded within the New York Stock Exchange. The active bond orders are commonly fill ...
Globalization
Tendency of businesses and investment funds to go beyond domestic and national markets to other markets throughout the world by raising the interco ...
Arrears Swap
Interest rate is the base of any floating payments. Every end of the period the payments are paid.
IE Business School
Non-profit, independent educational institution that offers MBA, executive master’s, Ph.D., and DBA programs in various fields. Situated in M ...
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Featured Investment: Annuity
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