BABY BOND
It is a fixed income type of securities that are issued in small denominations, commonly having the maximum $5000 face value. Because it is issued in small denominations, average retail investors are easily attracted to this.
Nowadays, baby bonds are mainly issued by different states, counties and municipalities to fund capital expenditures and expensive infrastructure projects. These municipal bonds that are tax-exempted are commonly structured as zero-coupon bonds having a maturity from eight to 15 years.
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Giffen Good
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Inactivity Fee
Fee charged to investors by brokerages for infrequent trading in their brokerage accounts to meet the minimum trading requirement
CVE
Currency abbreviation for the Cape Verde escudo, the official currency of the Republic of Cape Verde. The CVE subunit is called the centavo. Instea ...
Product Recall Insurance
An insurance that covers the costs involved in recalling possibly defective products made by the insured.
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< ...
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