Author: todorm

A bond with interest income that is not subject to taxation by the U.S. federal government.

A type of debt security issued by a state or local government to raise money for a capital project.

A type of short-term treasury debt sold in periods when tax receipts did not cover short-term government spending.

An investment vehicle that an investor uses to save for retirement.

When a company successfully closes on a bid to assume control of or acquire a target company.

A certain arrangement of characters that represents publicly-traded securities on an exchange.

A level that the price action of an asset has difficulty falling below over a period of time.

Subsequent investment is any additional investment, other than the initial investment, in the company made following the transaction closing by the subordinated investor or any affiliate, whether in the form of capital contributions, or purchases of additional securities of any nature, loans or otherwise.

A right that allows existing shareholders in a publicly-traded company to purchase shares of a secondary offering at a discounted price.

A bond that is classified lower than more senior debt in the event of a default. This means that the holders of more senior debt are paid first and any residual funds are made available to the holder of the subordinated debenture.