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Financial services

Related to any service provided by the finance industry, which encompasses a broad range of organisations that deal with the management of money.

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Financial services > Finance

Term bond

Financial services; Finance

These are those bonds that are issued at the same date and have a similar maturity date as well. Term bonds that have a call provision written in the indenture can be redeemed ...

Sinking funds

Financial services; Finance

Sinking funds have a feature of repayment every year. It is considered secure, but it does come with a risk of calls that turn out to be unfavorable.

Indenture

Financial services; Finance

Indenture basically lists the features of a bond. It consists of the par value of the bond, amount and date of issue, and maturity of the bond. It also has details regarding ...

Public Issue of Bonds

Financial services; Finance

It is the process through which a bond is issued. The method is quite similar to that of public issue of stock, but in a public issue of bond an indenture is essential.

Protective covenants

Financial services; Finance

These are used to safeguard the rights and interests of the bond holders. It is an added promise in the indenture that restricts behavior of the company regarding financial ...

Bonds

Financial services; Finance

A bond, also referred to as corporate debt can be short term or long term. It is different from common stock since a bond holder has no ownership in a company. Moreover, bonds can ...

Negative covenant

Financial services; Finance

These are the agreements where a company can only pay a restricted amount of dividend, is not supposed to sell the senior debt first or use refunding as a tool to take new debt ...