BOND PURCHASE AGREEMENT
Legally binding document setting the terms of a bond sale between a bond issuer and an underwriter. The information stated on an agreement include sale price, sale conditions, interest rate, maturity, redemption provisions, sinking fund provisions, and conditions that may cancel the contract. Usually done on new bonds, the issuer delivers these bonds to the underwriter and the latter pays the issuer for them. Then, the underwriter put these bonds on the market at the indicated price and yield while the investors acquire the instrument from the underwriter. The underwriter, upon collecting the proceeds, generates profit based on the spread or difference between the buying price and the selling price.
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Robert C. Merton
American economist who won the 1997 Nobel Memorial prize in Economic Sciences, along with Myron Scholes, for developing the Black-Sholes model, whi ...
Buy Stops Above
Recommendation to purchase a given security once a security’s price surpasses a particular resistance level by putting a buy stop order at th ...
Admitted Company
An insurance company admitted and allowed by an another state to transact insurance business despite having a domiciled status on an another state. ...
Black Box Model
Computer program, process, or system processing the information entered by the user using pre-programmed logic in order to produce the user’s ...
Form 3903
A form issued by the IRS and used by taxpayers to deduct moving expenses related to taking a new job.
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:01 | Rightmove House Prices | Dec | |
| 02:30 | PMI Manufacturing | Dec | |
| 02:30 | Tertiary Industry Index | Dec | |
| 02:30 | PMI Composite | Dec | |
| 04:00 | Fixed Asset Investment | Nov | |
| 04:00 | Industrial production | Nov | |
| 04:00 | Retail Sales | Nov | |
| 04:00 | Unemployment Rate | Nov | |
| 04:00 | NBS Press Conference |
