- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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A rating based on the possibility of default by a bond issuer. The ratings range from AAA (highly unlikely to default) to D (in default). See: Rating, investment grade.
Industry:Financial services
The percentage of a company's capitalization represented by bonds. The ratio is calculated by dividing the total bonds due after one year by that same figure plus all other equity. See: Debt-to-equity-ratio.
Industry:Financial services
The sale of one bond issue and purchase of another bond issue simultaneously. See: Swap; swap order.
Industry:Financial services
With respect to convertible bonds, the value the security would have if it were not convertible. That is the market value of the bond minus the value of the conversion option.
Industry:Financial services
The firm often has stockholders and bondholders. In a liquidation, the bondholders have first priority.
Industry:Financial services
A firm's cash balance as reported in its financial statements. Also called ledger cash.
Industry:Financial services
The ratio of book value to market value of equity. A high ratio means is often interpreted as a value stock (the market is valuing equity relatively cheaply compared to book value). This is the same as a low price-to-book value ratio. Value managers often form portfolios of securities with high book to market values.
Industry:Financial services
The cumulative book income plus any gain or loss on disposition of assets.
Industry:Financial services
The managing underwriter for a new issue. The book runner maintains the book of securities sold.
Industry:Financial services
