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On March 21, the noonday Sun is overhead at what latitude?
Credit Default Swap
A financial derivative that allows an investor to "swap" or offset their credit risk with that of another investor.
Recovery Ratio
A financial metric used to determine the amount of money recovered from an investment or project as compared to the amount invested or spent.
Notional Amount
The total principal or face value involved in a financial transaction, often used in derivatives trading.
Detachable Warrant
A financial instrument that grants the holder the right to purchase a company’s stock at a specified price, which can be detached and sold separately from the bond or preferred stock to which it was originally attached.
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