Mavis A Chip-And-PIN card is a credit or debit card that contains a small microchip which stores information about the cardholder and their account. The chip is read by a card reader when the card is inserted into the machine. The cardholder then enters their PIN (Personal Identification Number) into the machine, which verifies that the … Read more
1. Collateralized Loan Obligation (CLO): Definition 2. Types of Collateralized Loan Obligations (CLOs) How does a CLO make money? A CLO is a type of collateralized loan obligation. A CLO is a pool of loans that are bundled together and sold to investors. The loans are typically junk bonds, which are bonds that are rated … Read more
The clean price is the price of a bond that excludes the interest that has accrued since the last coupon payment. This is in contrast to the dirty price, which includes the accrued interest. The clean price is also sometimes referred to as the “flat price.” What is a clean up bond? A clean-up bond … Read more
