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
Held by Production
A provision in an oil property lease that lets the lessee, often an energy company, to continually drill on the property so long as it is producing ...
Stock Ahead
Situation where an order is not executed due to a previous order with the same price. This can also occur when two bids are placed at the same time ...
Carry Grid
Foreign exchange investment strategy aiming to lock in profit from a grid of carry trade. Carry grid involves purchasing currencies which pays rela ...
Patent Troll
This term is used to define companies or individuals that misuse patent as a business strategy. When bankrupt companies sell patents at auctions, a ...
Identifiable Asset
Asset of an acquired firm with commercial or exchange value, which can be expected to give economic benefits in the future. It can be tangible or i ...
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