SENIOR SECURITY
Senior Security is a security that is prioritized above all other securities in case of liquidation or bankruptcy. The word ‘senior’ in senior security signifies that the security is above all other securities in the hierarchy of capital providers of the company. The payment received goes firstly to the holders of the most-senior security, the next one goes to the holders of the second-most senior security, and so on.
POPULAR TERMS
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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SEE FOREX TUTORIAL
Featured Investment: Annuity
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A Guide to Becoming a Finance Expert
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Students, How Much Can You Afford to Borrow?
You are about to finish high school. The financial aid office of the university you are considering gave you a financial aid. You are also qualifie ...
An Introduction to Student Loans
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Digesting Financial Statements: Cash Flow
Companies generate money from borrowers and/or borrow money from creditors. Next, firms purchase assets and/or finance projects and programs. Then, ...
ECONOMIC CALENDAR
Time | Country | Indices | Period |
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09:00 | GDP | 3 quarter | |
09:00 | Current Account | 3 quarter | |
09:00 | Business Investment | 3 quarter | |
09:00 | Import Price Index | Nov | |
10:00 | GDP | 3 quarter | |
15:30 | Gross Domestic Product | Oct | |
15:30 | Industrial Product Price Index | Nov | |
15:30 | Raw Materials Price Index | Nov | |
15:30 | Durable Goods Orders | Nov |