DEBT LIMITATION
A bond covenant that limits or restricts any additional debt that may be incurred by the issuer. It limits Debt limitations look to protect the current lenders by maintaining the firm's degree of leverage. A debt limitation may take a variety of forms, depending on the circumstances of the debt issue. For financially sound firms, lenders may only want to maintain the current levels of leverage and implement a covenant relating to the debt-service coverage ratio. This would allow the firm to borrow more funds when it increases its net income.
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Stock Certificate
Document outlining ownership in a firm, which shows details including the number of shares owned, date, identification number, corporate seal, and ...
Clientele Effect
Theory stating a firm’s stock price moves based on the demands and goals of investors relative to a dividend, tax, or other policy changes wh ...
Contra Liability Account
Account debited to offset another liability account. It is used to adjust the book value of an asset or liability.
Wasting Asset
Wasting Asset is any item that irreversibly devalues over time.
Supply-Side Theory
Economic theory stipulating the best effective way to stimulate economic growth is boosting an economy’s capacity to supply more products and ...
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| Time | Country | Indices | Period |
|---|---|---|---|
| 05:02 | Trade Balance | Nov | |
| 07:00 | Economy Watchers Survey | Nov | |
| 09:00 | Industrial Production | Oct | |
| 10:00 | SECO Consumer Confidence | Nov | |
| 11:30 | Sentix Investor Confidence | Dec | |
| 01:50 | M2 Money Supply + CD | Nov | |
| 02:01 | BRC Retail Sales Monitor | Nov | |
| 02:30 | NAB Business Confidence | Nov | |
| 05:30 | RBA Interest Rate Decision | Dec |
