Examlex
What must characterize the XLP population?
Market Conversion Value
The value of a convertible security if it is converted into a specified number of shares of common stock, based on the current market price.
Par Value
The nominal or face value of a bond, stock, or coupon as stated by the issuer, which does not necessarily reflect its market value.
Credit Default Swap
A financial derivative allowing an investor to "swap" or offset the risk of credit loss from the default of a borrower.
Default Risk
The risk that a borrower will not make the contractual interest or principal payments on their debt obligations.
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