BACKUP LINE
A credit line employed by a bank to screen any issue of the commercial paper for which the financing from the new paper may be unavailable. Backup line of credit adequately gives a substitute pool of liquidity for the issuer and a supply of credit for the purchaser. The backup lines often take the form of a confirmed letter of contractual or credit facility.
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Market in which the spread between the bid and ask prices for a particular financial instrument is zero. Meaning the instrument can be purchased fo ...
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90/10 Strategy
Investing technique in which an investor allocates 90% of the investment capital in interest-bearing instruments with lower risk level, and 10% in ...
Scheduled Recast
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Shared Equity Finance Agreements
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