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


Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
Investor Glossary Index >>> # 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 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
Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
©2004-2014 Investor Glossary - All rights reserved - Terms of Use