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Warrant

What is a 'Warrant' A warrant is a derivative that confers the right, but not the obligation, to buy or sell a security – normally...
underlying option security

Underlying Option Security

What is an underlying option security An underlying option security is a security that can be used as collateral for options contracts. The most common...

Undercast

What is 'Undercast' A forecasting error that occurs when estimating items such as future cash flows, performance levels or production. Undercasting produces...

U.S. Savings Bonds

DefinitionU.S. savings bonds are debt securities issued by the U.S. Department of the Treasury to help pay for the U.S. government's borrowing needs. U.S....

Mandatorily Redeemable Shares

What are 'Mandatorily Redeemable Shares' Mandatorily redeemable shares are shares owned by an individual or entity which are required to be redeemed for cash or...

Unamortized Bond Premium

What is 'Unamortized Bond Premium' The difference between the par-value or face-value of a bond and the price above this face value,...

Balance Sheet

DefinitionIn financial accounting, a balance sheet or statement of financial position is a summary of the financial balances of an individual or organization, whether...

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...

Call

What is a 'Call' A call auction is sometimes referred to a call market; it's a time on an exchange when buyers...

Joint Life With Last Survivor Annuity

What is 'Joint Life With Last Survivor Annuity' An insurance product that, when annuitized, makes payments to the annuitant, the annuitant and...

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