CANADIAN ORIGINATED PREFERRED SECURITIES - COPRS
In Canada, there is a subordinated debt instrument which is issued in long-term, this is called COPrS or Canadian Originated Preferred Securities. In the mid-1990s Merrill Lynch made COPrS (pronounced "coppers") which is a kind of derivative equity security. TransCanada PipeLines was the very first company that offer COPrS. This securities are not the similar as chosen shares, but are eye catching because they have characteristics which looks the same with both long-term corporate bonds and preferred shares.
POPULAR TERMS
Capital Commitment
Future capital payments that a firm has pledged to pay out on long-term assets over a particular time period. This also talks about the securities ...
Overwithholding
A term which refers to an excess amount of tax being withheld for an employee. It will be sent back as a refund to the taxpayer after he or she fil ...
Diluted Earnings Per Share - Diluted EPS
It is the measure of a company’s profits.
Covenant
Promise a firm made to an indenture or other formal debt agreement, stating some activities will or won’t be carried out. In finance, it freq ...
Gross Spread
Difference between the security price paid by the underwriter and the actual price charged to the public. The spread compensates the underwriters o ...
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