- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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A bond indenture restriction that permits additional borrowing if the ratio of assets to debt does not fall below a specified minimum.
Industry:Financial services
Creditors exchange the debt of one defaulting borrower for the debt of another defaulting borrower.
Industry:Financial services
The task of managing the funds of a financial institution to accomplish the two goals of a financial institution: (1) to earn an adequate return on funds invested and (2) to maintain a comfortable surplus of assets beyond liabilities. Also called surplus management.
Industry:Financial services
Account at a brokerage house, bank, or savings institution that integrates banking services and brokerage features.
Industry:Financial services
A company with assets that are not believed to be accurately reflected in its stock price, making it an attractive buy or play.
Industry:Financial services
A model for determining the required or expected rate of return on an asset. Related: Capital asset pricing model and arbitrage pricing theory.
Industry:Financial services
A corporate raider (company A) that takes over a target company (company B) in order to sell large assets of company B to repay debt. Company A calculates that the net selling of the assets and paying off the debt, will leave the raider with assets that are worth more than what it paid for company B.
Industry:Financial services
Occurs when a firm invests in assets that are riskier than those that the debtholders expected.
Industry:Financial services
Arises when the stockholders substitute riskier assets for the firm's existing assets and expropriate value from the debtholders.
Industry:Financial services
