Tag: fixed
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...
Targeted Amortization Class (TAC)
What is 'Targeted Amortization Class - TAC' A type of credit derivative that is similar to a planned amortization class (PAC) in...
Variable Cost Ratio
What is the 'Variable Cost Ratio' The variable cost ratio is an expression of a company's variable production costs as a percentage...
Land Rehabilitation
DefinitionLand rehabilitation is the process of returning the land in a given area to some degree of its former state, after some process has...
Economic Depreciation
What is 'Economic Depreciation' Economic depreciation is a measure of the decrease in value of an asset over time. This form of...
Macaulay Duration
What is The 'Macaulay Duration' The Macaulay duration is the weighted average term to maturity of the cash flows from a bond....
Obligation Bond
What is 'Obligation Bond' A municipal bond used to secure a mortgage on property or other physical assets that can be liquidated....
VA Loan
DefinitionA VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs. The program is for...
What are Fixed Interest Rates
What are Fixed Interest Rates There are several factors involved when you obtain a loan. For instance, when you look for a mortgage,...