RESIDUAL INTEREST BONDS - RIBS
A type of inverse floating-rate bond created by dividing the income from a municipal bond into two portions. The municipal bondholder will create two new securities: a primary direct floating-rate bond and a residual inverse floating-rate bond. The floaters will be linked to a reference interest rate, such as LIBOR, and the municipal bond's income will be used to pay the coupon on the direct floater, with any remaining income going toward the residual interest bond.
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Big Bath
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Non-Compete Agreement
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Private Brand
A brand placed on products that a large manufacturer has created for smaller retailers. Small retailers place their own private brand label on the ...
Baccalaureate Bond
It is a zero-coupon bond that is issued by some states in order to help families in saving for tuition in college by addition of other tax benefits ...
Value Engineering
Value Engineering is a systematic and organized approach of providing the necessary functions in a certain project for the lowest cost possible.
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| Time | Country | Indices | Period |
|---|---|---|---|
| 03:30 | CPI | May | |
| 03:30 | PPI | May | |
| 05:03 | Trade Balance | May | |
| 07:00 | Economy Watchers Survey | May | |
| 16:00 | Wholesale Inventories | Apr | |
| 01:01 | BRC Retail Sales Monitor | May | |
| 01:50 | M2 Money Supply + CD | May | |
| 02:30 | Westpac Consumer Sentiment | Jun | |
| 03:30 | NAB Business Confidence | May |
