Tag: debt
Maintenance Bond
What is a maintenance bond
A maintenance bond is a type of surety bond that is often required by municipalities in order to guarantee that...
Madeira Escudo
What is 'Madeira Escudo' The former currency of Madeira, an island off the coast of Portugal. The Madeira escudo was used as...
Mandatory Redemption Schedule
What is 'Mandatory Redemption Schedule' Specified dates when a bond issuer is required to redeem all or a portion of the outstanding...
Macroeconomic Stabilization Fund (FEM)
What is 'Macroeconomic Stabilization Fund - FEM' A reserve fund established by the country of Venezuela. Also known as the "FEM," it...
Asset Allocation
DefinitionAsset allocation is the rigorous implementation of an investment strategy that attempts to balance risk versus reward by adjusting the percentage of each asset...
Ability To Repay
What is 'Ability To Repay' An individual's financial capacity to make good on a debt. Specifically, the phrase "ability to repay" was...
Absolute Priority
What is an 'Absolute Priority' An absolute priority is a rule that stipulates the order of payment - creditors before shareholders -...
Rate Level Risk
What is 'Rate Level Risk' A type of interest rate risk which asserts that the characteristics of interest rate fluctuation are variable...
Reaffirmation
What is 'Reaffirmation' An agreement made between a debtor and a creditor to repay some or all of a debt. Reaffirmations are...
Rate And Term Refinance
If you're like most homeowners, your mortgage is probably the biggest financial commitment you've ever made. So if you're thinking of refinancing, it's important...