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Protection Payment
A fee paid to receive protection from a financial loss in certain transactions, often associated with derivatives or insurance products.
Straight-Debt Value
This refers to the value of a company's bonds or debt if no conversion option exists, viewed as traditional fixed-income securities.
Convertible Bonds
Bonds that can be converted into a predetermined amount of the issuing company's shares, usually at the discretion of the bondholder.
Par Value
The face value or nominal value of a stock or bond, set by the issuing company.
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