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| Debt Instrument |
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| A promise in writing to repay a debt. For example, a bond, bill or a note. |
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| Debt Security |
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| Securities, such as Treasury Bills and Commercial Paper, that represent money borrowed by the issuer. This money must be repaid by the maturity date at a specified interest rate unless it was an original issue discount purchase. |
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| Default |
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| The faiurel to repay the principal or make timely payments on a bond or other debt investment security issued. Also, a default is a breach of or failure to fulfill the terms of a note or contract |
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| Deferred Shares |
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| These are a form of ordinary share which receives no dividend either for an initial specified period or until the ordinary share dividend reaches a certain level. Diluted net asset value A method of calculating the net asset value of a company that has issued and has outstanding convertible loan stocks, warrants or options. The calculation assumes that the holders have exercised their right to convert or subscribe, thus increasing the number of shares among which the assets are divided. |
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| Derivative |
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| A financial security (such as option or future) whose characteristics and value are derived from the characteristics and the value of another asset |
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