DEBT RESTRUCTURING
A method used by companies with outstanding debt obligations to alter the terms of the debt agreements in order to achieve some advantage. Companies use debt restructuring to avoid default on existing debt or to take advantage of a lower interest rate. A company will often issue callable bonds to allow them to readily restructure debt in the future. The existing debt is called and then replaced with new debt at a lower interest rate. Companies can also restructure their debt by altering the terms and provisions of the existing debt issue.
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Net Charge Off - NCO
The dollar amount representing the difference between gross charge-offs and any subsequent recoveries of delinquent debt. Net charge offs refer to ...
Debt For Bond Swap
A debt swap involving the exchange of a new bond issue for similar outstanding debt or vice versa. Debt for bond swap transactions are usually exec ...
Time Charter Equivalent - TCE
Shipping industry standard used by companies to determine the average daily revenue performance of a vessel, which is computed by adding voyage rev ...
National Association of Investors Corporation - NAIC
MAIC is a non-profit organization that is committed to providing investing education that lets individuals to earn positive long-term returns. &nbs ...
Spin Out
Spin out is a corporate structuring type that only happens in the case that the corporation divides itself to create a new corporation with stakes ...
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