Securitization

22)      Income - Economic wealth that is generated in exchange for an individual's performance of agreed upon activities or through investing capital. Income is consumed to fuel day-to-day expenditures.

23)      Intellectual Property - A broad categorical description for the set of intangibles owned and legally protected by a company from outside use or implementation without consent. 

24)      Interest Rate - The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.

25)      Investor - Any person who commits capital with the expectation of financial returns.

26)      Lease - An agreement in which one party gains a long-term rental agreement, and the other party receives a form of secured long-term debt.

27)      Liquidity - The ability to convert an asset to cash quickly. Also known as "marketability". Liquidity is characterized by a high level of trading activity.

28)      Liquid asset - asset in the form of cash (or easily convertible into cash) (ликвидный актив);

29)      Liquidity risk - the facility with which a corporation can convert an asset into a cash amount equal to its current market value (риск ликвидности).

30)      Loan - The act of giving money, property or other material goods to a another party in exchange for future repayment of the principal amount along with interest or other finance charges.

31)      Maturity - The length of time until the principal amount of a bond must be repaid. The end of the life of a security.

32)      Mismatch - In general, this means to match incorrectly or unsuitably. In the banking world, it refers to a situation pertaining to asset and liability management.

33)      Mortgage - A debt instrument that is secured by the collateral of specified real estate property and that the borrower is obliged to pay back with a predetermined set of payments. 

34)      Mortgage-Backed Security (MBS) - A type of asset-backed security that is secured by a mortgage or collection of mortgages. 

35)      Portfolio - A grouping of financial assets such as stocks, bonds and cash equivalents, as well as their mutual, exchange-traded and closed-fund counterparts.

36)      Profit - A financial benefit that is realized when the amount of revenue gained from a business activity exceeds the expenses, costs and taxes needed to sustain the activity. 

37)      Reinvestment - Using dividends, interest and capital gains earned in an investment or mutual fund to purchase additional shares or units, rather than receiving the distributions in cash. 

38)      Residential Mortgage-Backed Security (RMBS) - A type of security whose cash flows come from residential debt such as mortgages, home-equity loans and subprime mortgages.

39)      Revenue - The amount of money that a company actually receives during a specific period, including discounts and deductions for returned merchandise. 

40)      Risk transfer - shifting risk from one party to another (передача риска);

41)      Security - An instrument representing ownership (stocks), a debt agreement (bonds) or the rights to ownership (derivatives).

42)      Securitization - is a form of financing including the process of transforming assets into traded securities. Securitization is a way of raising funds in the stock market by issuing securities, backed by assets.

43)      Special Purpose Vehicle (SPV) is a legal entity (usually a limited company of some type or, sometimes, a limited partnership) created to fulfill narrow, specific or temporary objectives.

44)      Transaction - An agreement between a buyer and a seller for the exchange of goods or services for payment.

45)      Underlying Asset - A term used in derivatives trading, such as with options. A derivative is a financial instrument whose price is based (derived) from a different asset. The underlying asset is the financial instrument (e.g., stock, futures, commodity, currency, index) on which a derivative's price is based. (актив, лежащий в основе стоимости дериватива или варранта);

46)      Volatility - a statistical measure of the dispersion of returns for a particular security or market index (волатильность).

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