BOWIE BOND
Asset-backed security using an intellectual property right as collateral. The copyright owner sells bonds that are serviced and redeemed from the generated revenue by selling the works. This was named after English musician David Bowie when he used the current and future revenue from 25 albums he recorded as collateral. Recorded before 1990s, its proceeds were used to acquire his old recordings. Upon creating the bonds, he lost royalties for the bond’s life.
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Accumulation Area
A price where the investors purchase shares of a particular stock. It is usually determined by the looks of the volume and its price. Some analysts ...
SEC Form DEF13E3
SEC Form DEF13E3 is a form which is used as an initial preliminary statement for a company or affiliate that is turning private. “Going priva ...
Transaction
1. Deal between a buyer and a seller to exchange a product, service, or financial instrument.
2. In accounting, an event or condition aff ...
IRS Publication 596
A document that gives information on the earned income credit (EIC) offered to individuals who earn below $51,567. To be eligible to receive EIC, a ...
Depository Trust Company Tracking - DTCT
A service, used by underwriting firms, that provides a method of tracking the exact path of purchases and sales of newly issued securities.
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