Investor Glossary-zebraInvestor Glossary-zebraInvestor Glossary-zebraInvestor Glossary-zebraInsightful stock market charts - Click here
investor
Categories    # 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

ZEBRA

The HTML to link to this page
 

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.



Rate this ZEBRA definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: balance sheet, Zero Cost Collar, LIBOR, implied volatility, wholly-owned subsidiary, inflation, per diem, Key Rate Duration, open position, limit order, 144a, ex-dividend, covered put, EBITDA, option premium, retained earnings, annual return, quality assurance, diluted share, labor relations, ex-dividend date, 401a, average price per share, deferred revenue, 1035 exchange, risk management, in escrow, command economy, required rate of return, liquidity ratio, minority interest, cancelled check, current ratio, reverse mortgage, FTSE, 1031 exchange, real GDP, FICO score, stock split, irrevocable trust, margin rate, APR, VIX, phantom income, stock market close, deferred tax, dividends payable, debt service coverage, class C shares


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Home | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2015 Investor Glossary - All rights reserved - Terms of Use