Average maturity: The average time needed for the maturity of all securities that are held by a mutual fund. Magic of diversification: The effective risk reduction of a portfolio that is obtained without the expected returns being reduced, through the combination of assets with negative covariances. Extreme volatility and a high probability of loss is associated with speculative capital. These are company sponsored retirement plans where contributions or deposits are deducted from the employee’s pay and some companies match these payments with the same amount from their own pockets. The shares of every security trading on a certain exchange is held by a mutual fund seeking to replicate the broad market, investing in a certain country or passing basic thresholds of size or trading volume. Life estate: A real estate or property owned by a person throughout his life. Also known as churning, over trading is the excessive buying and selling of securities on an investor’s behalf, that a broker does in order to increase the commissions he receives. This method is generally applied at the same time period every year to see if the company’s performance is improving or degrading. Direct marketing: Direct marketing is a sales method by which advertisers approach target customers directly with products or services using direct marketing tools such as telephone sales, direct mail marketing, catalogs,brochures, leaflets and coupons.
The 2016 bonds will be fixed-rate obligations with a 20-year amortization. Debt metrics will weaken across the board but most ratios will approximate the medians for retail public power entities rated in the ‘A’ category by Fitch. Debt per customer will rise from just $256 in fiscal 2015 to nearly $4,200, and debt to funds available for debt service will increase five-fold to approximately 5x. Additionally, pro forma equity capitalization will weaken to around 35%. Positively, capital needs outside of MEC are modest at $11.5 million in aggregate over the next five years and will focus on reliability of existing assets. Funding for capital is anticipated to be fully funded from internal sources with no new debt anticipated. SOUND FINANCES PROJECTED MBLP’s financial forecast shows a decline in fiscal 2016 results versus the prior year due principally to increased debt service related to the 2016 bonds ($2.5 million in 2016). However, coverage of full obligations, which includes an annual transfer to the city’s general fund, is projected to be solid for the rating at 1.35x.
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It is also referred to as an equity share. It is also known as ‘revenue per share’. Commercial mortgage brokers facilitate the transactions of mortgage bankers by bringing mortgage borrowers and mortgage lenders together to make a deal. The debt security which does not pay any interest, but is traded at a discount, such that at the maturity of the bond it renders profit. Electronic Commerce – E Commerce This is a business model that allows firms to transact via an electronic network. Relative yield spread: Relative Yield spread refers to the ratio of the yield spread to the yield level. Enterprise: An enterprise or business enterprise is a commercial undertaking which provides goods and services involving financial, commercial and industrial aspects. When an estate owner transfers his stock to a company in return for preferred shares, with the aim to circumvent tax consequences, the asset management strategy is termed as an estate freeze.