Tag: development

What is 'Back-to-Back Commitment' A commitment to make a second take-out loan that piggybacks another loan. With a back-to-back commitment, once the...

DefinitionCrony capitalism is an economy in which businesses thrive not as a result of risks they take, but rather as a return on money...

What is 'Call Premium' Call premium is the dollar amount over the par value of a callable fixed-income debt security that is...

What is 'Call Privilege' The provision in a bond indenture that gives the bond issuer the option to redeem all or part...

What is 'Pass-Through Security' A pass-through security is a pool of fixed-income securities backed by a package of assets. A servicing intermediary...

DefinitionA with-profits policy or participating policy is an insurance contract that participates in the profits of a life insurance company. The company is often...

DefinitionThe Paris Club is a group of officials from major creditor countries whose role is to find coordinated and sustainable solutions to the payment...

What is 'Panel Bank' The name given to the group of banks contributing to the Euro Interbank Offer Rate (EURIBOR). This group...

What is Palladium and what are its uses Palladium is a chemical element with the symbol PD and atomic number 46. It is a rare...

What is 'Parasitic Advertising' A type of marketing that promotes one product at the cost of lost sales for another product. Parasitic...