Tag: credit
Kurtosis
DefinitionIn probability theory and statistics, kurtosis is a measure of the "tailedness" of the probability distribution of a real-valued random variable. In a similar...
Off-Balance-Sheet Financing
DefinitionOff-balance sheet, or Incognito Leverage, usually means an asset or debt or financing activity not on the company's balance sheet. Total return swaps are...
Uncle Sam
What is 'Uncle Sam' A nickname dating back to 1812 used to refer to the U.S. government. The term is said to...
Callable Certificate Of Deposit
What is 'Callable Certificate Of Deposit' An FDIC insured certificate of deposit (CD) that contains a call feature similar to other types...
Unbundled Life Insurance Policy
What is ‘Unbundled Life Insurance Policy'
An unbundled life insurance policy is a type of insurance policy and planned financial protection that offers money to...
Off Balance Sheet (OBS)
What is an 'Off Balance Sheet - OBS' Off balance sheet (OBS) items refer to assets or liabilities that do not appear...
Import
What is an 'Import' An import is a good or service brought into one country from another. The word "import" is derived...
Facility
What is a 'Facility' A facility is a formal financial assistance program offered by a lending institution to help a company that...
Junk Bond
A non-investment grade or high yield bond is referred to as a junk bond. As the name suggests, these bonds have a credit rating...
Jarrow Turnbull Model
DefinitionThe Jarrow–Turnbull credit risk model was published by Robert A. Jarrow of Kamakura Corporation and Cornell University and Stuart Turnbull, currently at the University...