General Finance

General Finance

Industry: Financial services

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General Finance

subordinated debt

Financial services; General Finance

Debt over which senior debt takes priority. In the event of bankruptcy, subordinated debtholders receive payment only after senior debt claims are paid in full.

Synonymous with the term margin. A cash amount that must be deposited with the broker for each contract as a guarantee of fulfillment of the futures contract. It is not considered as part payment or ...

special bid

Financial services; General Finance

A method of purchasing a large block of stock on the NYSE by advertising a client's large buy order, and matching it up with a number of other traders' smaller sell orders.

subsidized financing

Financial services; General Finance

Funding provided by a government or other entity that is available at a below-market interest rate.

Securities and Exchange Commission Rules

Financial services; General Finance

Rules enacted by the SEC to assist in the regulation of US financial markets.

sole proprietorship

Financial services; General Finance

A business owned by a single individual. A sole proprietor pays no corporate income tax but has unlimited liability for business debts and obligations.

subordination clause

Financial services; General Finance

A provision in a bond indenture that restricts the issuer's future borrowing by subordinating future lenders' claims on the firm to those of the existing bondholders.