- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
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Also called dedicating a portfolio, this is an alternative to multiperiod immunization that calls for the manager to match the maturity of each element in the liability stream, working backward from the last liability to assure all required cash flows.
Industry:Financial services
A swap agreement to exchange equity/returns for debt returns or the converse over a prearranged length of time.
Industry:Financial services
A set of transactions in which a firm buys a country's dollar bank debt at a discount and swaps this debt with the central bank for local currency that it can use to acquire local equity. Also called a debt-equity swap.
Industry:Financial services
A bond covenant that restricts the firm's ability to incur additional indebtedness in some way.
Industry:Financial services
The ratio of cash flow available to the borrower to the annual interest and principal payments on a loan or other debt.
Industry:Financial services
Earnings before interest and income taxes, divided by interest expense plus the quantity of principal repayments divided by one minus the tax rate.
Industry:Financial services
Interest payment plus repayments of principal to creditors (retirement of debt).
Industry:Financial services
In project financing, the risk that the project's output will not be salable at a price that will cover the project's operating and maintenance costs and its debt service requirements.
Industry:Financial services
Reducing the principal and/or interest payments on Less developed country loans.
Industry:Financial services
