20 Terms
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Funds
Industry: Financial services
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Funds
maintenance and replacement fund
Financial services; Funds
Designed to provide security to the bond holder by ensuring that the mortgaged property would be maintained in good operating condition and that the old plants would be replaced.
prime rate
Financial services; Funds
The interest rate that banks charge their best corporate customers.
maintenance call
Financial services; Funds
A Maintenance Call will originate when the Merrill Lynch Maintenance Requirement exceeds the equity in a margin account.
principal
Financial services; Funds
The basic amount invested or borrowed, not including any interest or dividends. For bonds: The face or par value of a bond. The principal amount of a trade is the par value of one bond times the ...
maintenance of net worth
Financial services; Funds
An issuer is required to maintain its net worth above a certain level, or the bonds will be required to begin redeeming at par.
principal due schedule
Financial services; Funds
The dates on which the fully paid principal is due, also known as the maturity date, for all the bonds in your portfolio.
maintenance requirement
Financial services; Funds
NYSE regulations and Merrill Lynch require a client to maintain a certain level of equity in his/her margin account to support a margin loan.
