GROSS REVENUE PLEDGE
Stipulation in a municipal bond indenture obligating the bond issuer, normally municipality releasing the bonds to finance a specific development project, to use revenues to pay down debt-servicing costs first, designating operating expenses as the second priority, and possibly financing those from other revenue sources. At federal level, these are frequently tax-free.
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Collusion
Non-competitive secret agreement taking place between two or more entities. They seek to disrupt the market’s equilibrium by changing the pri ...
Trade Credit
Agreement in which a client can defer the payment for products and/or services acquired from a supplier. Upon the delivery of the goods, the trade ...
Secondary Stock
Secondary Stocks are those stocks which are perceived as those that carry higher risks compared to blue chips due to the small market capitalizatio ...
Maturity Date
Date on which the principal amount of a acceptance bond, draft, note, or other debt instrument is due for settlement and to be repaid to the invest ...
Group of 30 - G30
Consultative group comprised of academics and financiers that aims to facilitate understanding of financial and economic matters in private and pub ...
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Featured Investment: The American Depository Receipt
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Student Loans: Repaying Debts Faster
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Before anything else, one h ...
Renovate or Move?
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Time | Country | Indices | Period |
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14:30 | Wholesale Sales | Feb | |
14:30 | Retail Sales | Mar | |
14:30 | NY Fed Empire State manufacturing index | Apr | |
16:00 | Business Inventories | Feb | |
16:00 | NAHB Housing Market Index | Apr | |
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