Investor Glossary - ZEBRAInsightful stock market charts - Click here

 # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z     
Is the stock market headed lower? The answer may surprise you.
Find out now with the exclusive & highly regarded charts of Chart of the Day.

ZEBRA

ZEBRA is an abbreviation for zero basis risk swap. A ZEBRA is a swap agreement between a municipality which issues an interest-paying bond and a financial intermediary. Another term for a ZEBRA swap is an actual rate swap or a perfect swap. In a ZEBRA swap, a municipality pays a fixed rate of interest to a financial intermediary. The ZEBRA swap requires that the municipality receive a floating rate in return. ZEBRA swaps differ from other types of fixed/floating rate swaps in that the floating rate the municipality receives must equal the floating rate requirement on the municipality's outstanding floating rate debt initially issued to the public. ZEBRA swaps allow municipalities to avoid problems with federal regulations which prohibit arbitrage transactions on municipal debt.


               


 Popular Terms : 401a, FICO score, 1031 exchange, option premium, reverse mortgage, balance sheet, quant, stock, deferred revenue, CUSIP, forward PE, asset/equity ratio, Black Friday, minority interest, retained earnings, trailing PE, 10-K, average price per share, annualize, deferred tax




 Rate the ZEBRA definition... Receive our free Term of the Day email.
 Your Rating:
 Poor 1 2 3 4 5  Excellent
Simply type in your email address and click submit:
 Comment:   
 


Subscribe   Unsubscribe
Home | Term of the Day | Tell a Friend | Suggest a Term | Edit Subscriber Detail
Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
©2004-2008 Investor Glossary - All rights reserved