PRIME UNDERWRITING FACILITY
A kind of revolving underwriting facility. Prime underwriting facilities peg the lender's yield to the bank's prime rate. Most prime underwriting facilities are short-term notes of some sort.
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Shovel Ready
Shovel Ready is a term that characterizes a project that is advanced in the development stage. It basically means that it’s past the planning ...
DKK
Currency abbreviation for the Danish krone (crown), the official currency of Denmark, a Nordic country in Northern Europe. Introduced in 1873, the ...
Constant Yield Method
Method of calculating the accrued discount of bonds trading in the secondary market. Although it normally leads to a lesser accrual of discount, th ...
Jürgen Dormann
Former Chairman and Chief Executive Officer of ABB, a Zurich-based engineering company. ABB was dealing with asbestos lawsuits and an economic down ...
Affirmative Action
A policy wherein an individual's nationality, sex, race, or color are given consideration by the government or business to provide additional o ...
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Deducing on the topic we previously discussed, this tutorial now puts the spotlight on the pension fund. It is a distinct long-term obligation for ...
Ethical Investing: Niche Investment Style
Over the past two years, sustainable, responsible, and impact investing (SRI) has grown significantly in the United States. Based on the US SIF Fou ...
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Macroeconomics: Basic Concepts
The concepts involved in macroeconomics focus on three fields, including national output and income, unemployment, and inflation and deflation. The ...
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