- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
World's leading financial information-service, news, and media company.
(1) The class of CMO that has the most stable cash flows and the lowest prepayment risk of any class of CMO Because of a stable cash flow, it is considered the least risky CMO (2) A CMO bond class that stipulates cash flow contributions to a sinking fund. A PAC directs principal payments to the sinking fund on a priority basis in accordance with a predetermined payment schedule, with prior claim to the cash flows before other CMO classes. Similarly, cash flows received by the trust in excess of the sinking fund requirement are also allocated to other bond classes. The prepayment experience of the PAC is therefore very stable over a wide range of prepayment experience.
Industry:Financial services
A stipulation in a convertible issue that allows the issuer to call the issue during the noncall period if the price of the stock reaches a certain level. In the case of convertible securities, right of an issuer to accelerate the first redemption date if the underlying common should trade at or above a certain level for a sustained period. Most typical terms are 150% of conversion price for 20 consecutive days. Note that under these circumstances the security has appreciated, at a minimum, 50% since being issued.
Industry:Financial services
Budgeted or projected outlays for major expenditures on permanent or fixed assets as outlined in the corporate financial plan.
Industry:Financial services
Authorization, whether written or electronic, that shareholders' votes may be cast by others. Shareholders can and often do give management their proxies, delegating the right and responsibility to vote their shares as specified.
Industry:Financial services
Budgeted or projected ways need for reasons or to obtain short-term and long-term financing as outlined in the corporate financial plan.
Industry:Financial services
A group of individuals appointed by the board of directors of the company to formally represent the shareholders who send in proxy cards, to vote the represented shares in accordance with the shareholders' instructions.
Industry:Financial services
The length of time a model or investor or plan projects into the future.
Industry:Financial services
The ballot signed and submitted at the meeting by the Proxy Committee. It is the legal voting of shares represented by proxies assigned to the Proxy Committee and should always be completed.
Industry:Financial services
The assets of a business including land, buildings, machinery, and all equipment permanently employed.
Industry:Financial services
A battle for the control of a firm in which a dissident group seeks, from the firm's other shareholders, the right to vote those shareholders' shares in favor of the dissident group's slate of directors. Also called proxy fights.
Industry:Financial services
