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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Passive ETF
Passive ETFs are one of the two kinds of exchange-traded funds or ETFs offered to investors. These are index funds that track a particular standard ...
Donchian Channels
Moving average indicator stating the highest high and lowest low of a security over the last time period. Armenian-American commodities and futures ...
Basel III
An absolute set of standards created to develop the rules, supervision and risk management inside the banking sector. In late 2009, the first ...
IRS Publication 509: Tax Calendars
A publication by the Internal Revenue Service (IRS) that provides a section on using tax calendars, types of tax calendars, a table that shows the ...
Optionable Stock
A stock where listed options are being traded.
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