KAMIKAZE DEFENSE
A defense mechanism used by companies to prevent a being target of a hostile bid. It involves selling off major assets, acquiring unappealing assets, and increasing debt load or decreasing available cash. "Scorched death" tactic, "sale of crown jewels" strategy, and "fatman" maneuver are some Kamikaze defense strategies.
This term derived from the tactics of Japanese suicide pilots in World War II.
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Accelerated Amortization
It is an extra payment that is made toward a mortgage principal. By using accelerated amortization, the loan borrower can pay additional payment to ...
SFC
Securities And Futures Commission (SFC) is a regulatory body created by the Securities and Futures Commission (SFCO) for Hong Kong that regulates a ...
Raider
A raider is a person that attempts to take over a company through making a hostile takeover bid. Raiders target companies with undervalued assets a ...
Net Sales
It refers to the gross revenues minus returns and discounts of a company. It is the amount presented in an income statement under sales revenue.
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