Definition: Foreign bonds denominated in US$ issued in the United States by foreign banks and corporations. Read more
Read more →Definition: An option is at-the-money if the strike price of the option is equal to the market price of the underlying security. Read more
Read more →Definition: Adjustable Rate Mortgage. A mortgage that features predetermined adjustments of the loan interest rate at regular intervals based on an established index. Read more
Read more →Definition: Part of the return that is not due to systematic influences (market wide influences). In other words, abnormal returns are above those predicted by the market movement alone. Read more
Read more →Definition: The option of terminating an investment earlier than originally planned. Read more
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