Tag: fitch

What is an 'Underlying Security' An underlying security is the security on which a derivative derives its value. For example, a call...

DefinitionA pass-through certificates is an instrument that evidences the ownership of two or more equipment trust certificates. In other words, equipment trust certificates may...

What is an obligor An obligor is a legal entity that is obligated to make payments on a debt or other financial obligation. The term...

What is 'AAA' AAA is the highest possible rating assigned to an issuer's bonds by credit rating agencies. An AAA-rated bond has...