ARS

Similar financial terms

LIBOR-in-Arrears Swap
A swap where the interest paid on a date is determined by the interest rate observed on that date (not by the interest observed on the previous payment date).

PARs
Par bonds (PARs) can be exchanged dollar for dollar for existing debt. Typically, these bonds have fixed coupons and a long-term maturity (20-40 years) and are repaid in full on the final maturity. In some cases, the coupon is stepped up progressively over the life of the bond. The debt reduction is obtained by applying a coupon rate on the par value of the bond well below the current market interest rate. In other words, the market value of the bond is well below its face value, because of the ...

Sum-of-the-years-digits depreciation
The sum-of-the-years-digits (SOTYD) depreciation is a method of accelerated depreciation used in the US.

Soft dollars
The value of research services that brokerage houses supply to investment managers "free of charge" in exchange for the investment manager's business/commissions.

CARs
Certificates of Automobile Receivables. Pass-through securities backed by automobile receivables.

Dialing for dollars
A term used to describe the practice of cold calling, but which has negative implications as it is frequently applied to salespeople selling speculative or fraudulent investments.