Z-TRANCHE
A "Z-Tranche" is a distinct type of bond class used in CMO (collateralized mortgage obligation). It only receives principal payments or interest once all the other trenches have already been settled. In this bond class, the unpaid interest is accumulated and then added to the principal for interest calculation in the future.
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Universal Banking
Universal Banking is a banking system that offers a wide range of financial services for both commercial and investment banking. European countries ...
Satellite Operation
Satellite Operation is a small office of a particular company or government agency that is located in a different place.
Forfaiting
The purchasing of receivables of an exporter (the amount importers owe the exporter) at a discount by paying cash. The forfaiter, the purchaser of ...
Electronic Payments Network - EPN
Electronic automated clearing house (ACH), operating as the only ACH for the private sector in the United States. It handles numerous credit transf ...
Turkey
Slang term for a losing investment whose yields decline or become worse than expected. Securities with substantial losses, failed business transact ...
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