U

U.K. Mips

Goldman, Sachs’s variation on its Mips structure, tailored to maximize its advantages for the UK market in ways that the U.S. government wouldn’t allow. Grand Metropolitan Delaware (limited partnership) issued 20 million “preferred securities” paying quarterly dividends at $25, lending the proceeds to Grand Metropolitan plc via a perpetual, subordinated loan with the seniority of preferred stock

Up-and-in Option

An option that pays off nothing, unless the underlying price rises to an upper barrier.

Up-and-out Option

An option that pays off as the corresponding ordinary option, unless the underlying price rises to an upper barrier.

Check Also

N

Naive diversification A strategy whereby an investor simply invests in a number of different assets ...