Super Finance Glossary

Over 10,000 financial glossary terms...

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Capital lease: A lease obligation that has to be capitalized on the balance sheet.

Leptokurtosis: The condition of a probability density curve to have fatter tails and a higher peak at the mean than the normal distribution.

Statutory merger: A merger in which one corporation remains as a legal entity, instead of a new legal entity being formed.

Growing perpetuity: A constant stream of cash flows without end that is expected to rise indefinitely.

Stated maturity: For the CMO tranche, the date the last payment would occur at zero CPR.

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