Tag: fitch
Heatmap
DefinitionA heat map is a graphical representation of data where the individual values contained in a matrix are represented as colors. "Heat map" is...
National Bank
What is a 'National Bank' A national bank, in the United States, is a commercial bank chartered by the comptroller of the...
Pass-Through Rate
What is the 'Pass-Through Rate' The pass-through rate is the rate on a securitized asset pool -- such as a mortgage-backed security...
Vandalism Endorsement
What is 'Vandalism Endorsement' An optional type of coverage that can be added to a basic hazard or property and casualty insurance...
Vendor Note
What is 'Vendor Note' A type of debt instrument used in a particular type of short-term loan agreement in which the seller...
Fallen Angel
What is a 'Fallen Angel' A fallen angel is a bond that was given an investment-grade rating but has since been reduced...
General Obligation Bond (GO)
What is a 'General Obligation Bond - GO' A general obligation bond (GO) is a municipal bond backed by the credit and...
Above Par
What is 'Above Par' A term used to describe the price of a security when it is trading above its face value....
Tax Anticipation Note (TAN)
What is 'Tax Anticipation Note - TAN' A short-term debt security issued by a state or local government to finance an immediate...
Dealer-Median Prepayment Speed
What is 'Dealer-Median Prepayment Speed' The median value of all Wall Street securities dealers' prepayment speed estimates for the underlying mortgages used...