摘要:
The pretax yield that a taxable bond needs to possess for its yield to be equal to that of a tax-free municipal bond. This calculation can be used to fairl[阅读全文:]
摘要:
An unsecured short-term loan, usually issued to finance short-term liabilities, that provides the debt holders (bondholders) some level of tax preference o[阅读全文:]
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Interest income that is exempt from federal income tax. Although it is not directly taxed, this income may still be required to determine other tax calcula[阅读全文:]
摘要:
The market niche comprised of investment vehicles exempt from federal taxes. Nearly all investments in this area are municipal bonds, which cannot be ta[阅读全文:]
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A letter of credit that has been pre-funded by the bank on the closing date, instead of when the funds are drawn as needed. The funds accessible through a [阅读全文:]
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A type of financial institution that provides a long-term mortgage on property. This mortgage will replace interim financing, such as a construction loan. [阅读全文:]
A procedure that allows borrowers to sell bonds or other short-term debt instruments from past issues. The bonds are issued at their original face value, m[阅读全文:]
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A type of credit derivative that is similar to a planned amortization class (PAC) in that it protects investors from prepayment; however, it is structured [阅读全文:]
摘要:
A bond with long-term coupons but a short-term maturity. Super sinkers are usually home-financing bonds that give bondholders their principal back right aw[阅读全文:]
When a guarantor or a sum of money is held as a guarantee for a loan in good faith.
|||It is similar to a deposit on a loan or contract.
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