REFUNDING
Refunding is the process of redeeming or retiring an outstanding bond issue at maturity by using the proceeds from the new debt issue. The new issue is always issued at a lower interest rate than the refunded issue, guaranteeing a significant reduction in the interest expense for the issuer.
POPULAR TERMS
CFA Institute
International organization with primary mandate of denoting and maintaining a high standard for the investment industry. It is comprised of over 70 ...
Operating Profit
Operating profit refers to the measure of income which tells how much revenue will become a company’s profit eventually.
Initial Margin
Percentage of securities purchase price (can be bought on margin) the investor must pay using his or her own cash or marginable securities. Also kn ...
Multiple Employer Welfare Arrangement - MEWA
An arrangement where funds and trusts are financed by a group of employers in order to provide medical benefits to their employees. These employers ...
Market Letter
An advisory or short publication that give information and/or advice, usually through a paid subscription, to investors and other shareholders prov ...
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 10:00 | Ifo Business Climate Index | Sep | |
| 10:00 | Ifo Current Assessment | Sep | |
| 10:00 | IFO - Expectations | Sep | |
| 12:00 | CBI industrial order books balance | Sep | |
| 14:30 | Wholesale Sales | Jul | |
| 15:00 | NBB Business Climate | Sep | |
| 15:00 | ECB President Mario Draghi Speaks | ||
| 01:50 | Monetary Policy Meeting Minutes | Jul | |
| 01:50 | Corporate Service Price Index | Aug |
