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PIK (Payment in kind) securities |
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PIK (Payment in kind) securitiesHighly speculative bonds or preferred stock that pay interest or dividends through additional bonds or preferred stock.PIK (Payment in kind) securities Similar MatchesPass through securitiesPass through securitiesA pool of fixed income securities backed by a package of assets (i.e., mortgages) where the holder receives the principal and interest payments. Related: Mortgage pass-through security Public Securities Administration (PSA)Public Securities Administration (PSA)The trade association for primary dealers in US government securities, including MBSs. Securities and commodities exchangesSecurities and commodities exchangesExchanges on which securities, options, and futures contracts are traded by members for their own accounts and for the accounts of customers. Commercial Mortgage Backed SecuritiesCommercial Mortgage Backed SecuritiesSimilar to MBS but backed by loans secured with commercial rather than residential property. Commercial property includes multi-family, retail, office, etc., They are not standardized so there are a lot of details associated with structure, credit enhancement, diversification, etc., that need to be understood when valuing these instruments. Public securities offeringPublic securities offeringA securities issue placed with the public through an investment or commercial bank. Further SuggestionsSecurities Investor Protection CorporationLehman Brothers Mortgage Backed Securities Index Securities Acts Amendments of 1975 Federal agency securities Gilt edged securities Securities Act of 1933 Securities and Investments Board Restricted Securities defensive securities Long Term Anticipation Securities (LEAPS) Principal Exchange Rated Linked Securities (PERLS) Marketable securities Fixed income securities Mortgage Backed Securities Clearing Corporation (MBSCC) Securities Industry Association United States government securities National Association of Securities Dealers London Securities and Derivatives Exchange Agency securities fixed income securities International Organization of Securities Commissioners Securities and Futures Authority Original Issue Discount securities (OIDS) irredeemable securities Treasury securities (treasuries) |
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