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news, comment, analysis and data on the global business of credit trading and investing
Face value
See par value.Failure to pay
...Fallen angel
A fallen angel is a credit that has been downgraded from investment grade to...Fannie Mae
Fannie Mae (Federal National Mortgage Association, FNMA) is a US Congress...Ferretti
Ferretti is an Italian luxury yacht maker, whose immediate debt amounts remain...Financial
...First pay
The first-pay bond of a CDO or other securitisation is the tranche that has the...First-day motion
A request to a US bankruptcy court made on the first day following a borrower's...First-lien loan
See lienFirst-loss tranche
See equity.First-to-default basket
See nth-to-default basket.Flat
See credit curve.Freddie Mac
Freddie Mac (Federal Home Loan Mortgage Corporation) is a US Congress-chartered...Full-capital-structure CDO
See fully distributed or full-capital-structure CDO.Funds from operations (FFO)
Often used by real estate investment trusts (REITs) to represent cash flow from...
