VariousWords beta

Look up related words, definitions and more.

(examples: cat , ball , various , more... or by topic )
Results for:

Auction call

Related Terms:

Noun

Definition: The option to call a securitized bond usually after a set time period or after the deal's assets have amortized substantially. Typically, the deal's trustee places the entire portfolio of assets up for bid. The highest bid wins the auction and the sale proceeds are used to pay off all the tranches in the deal. All money left over after paying off the notes is usually split (not evenly) between the holders the most subordinate class of notes (often referred to as the equity) and the collateral manager.

We hope you enjoyed looking up some related words and definitions. We use various open machine learning and human sources to provide a more coherent reference that pure AI can provide. Although there are similar sites out there, they are filled with nonsense and gibberish due to their pure machine learning approach. Our dataset is in part derived from ConceptNet and WordNet with our own sprinkle of magic. We're always working on improving the data and adding more sources. Thanks for checking us out!