What is meant by the phrase "tranche" when referring to collateralized debt obligations?
What will be an ideal response?
The process of creating a tranche relates to dividing the cash flows from debt into different categories. Relative to CDOs, it means to place a different priority, with respect to cash flows, on each of the different categories.
You might also like to view...
Which of the following is not a breach of an agent's duty of obedience?
A) Entering into an unauthorized contract for which his or her principal is liable. B) Refusing to follow the principal/employer's instruction to misrepresent the quality of a competitor's goods to a potential customer. C) Improperly delegating her authority. D) Committing a tort for which the principal is liable.
You and a group of your friends have been discussing your portfolios at the company water cooler. Your discussion has centered on how your stocks are moving up or down in price relative to the market as a whole
Each stock's ________ is likely the best measure of the relationship. A) relative index B) beta C) alpha D) delta E) none of the above
A person's home is part of their personal property
a. True b. False Indicate whether the statement is true or false
An organization that values cultural diversity and is willing to utilize and encourage it is referred to as a ________ organization.
A. multinational B. pluralistic C. monolithic D. multicultural E. bureaucratic