Sentences with phrase «bond indenture»
A bond indenture is a legal contract between a bond issuer (usually a company or government) and bondholders. It outlines the terms and conditions of the bond, including the interest rate, payment schedule, maturity date, and any protective measures for bondholders. In simple terms, it's a document that explains the rights and responsibilities of both the issuer and the bondholders in a bond agreement. Full definition
Educational Opportunities: CSIMA, as well as other campus clubs, will host educational events such as excel workshops, stock pitch workshops, bond indenture information sessions, and more.
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Under the contractual terms of the applicable bond indentures, the holders of the Crossover Bonds are entitled to interest on the principal amount owing under the bonds until the principal amounts are paid in full.
occurs when a bond issuer fails to make either an interest payment or principal repayment on its bonds as they come due, or fails to meet some other provision of the bond indenture
Adding even more uncertainty, Valeant also revealed that it faces a risk of default if it is unable to file its 10 - K with the SEC by April 29, which would break its reporting covenant in its bond indentures.
Debt covenants may soon become just another issue in the already long list if Valeant defaults on its bond indentures.
If a bond issuer fails to make either a coupon or principal payment when they are due, or fails to meet some other provision of the bond indenture, it is said to be in default.
Default risk is the possibility that a company declares bankruptcy or a municipality becomes insolvent, and can not pay in a timely manner the principal and interest payment it owes under a bond indenture.
In fact, most bond covenants provide for no dividend payments, distributions, or redemption of preferred shares if these would result in default under the terms of the bond indentures.
If so, I'd postulate that amortized cost were the more important measure; if not, I'd opt for fair value, However, it should be noted that whether or not an event of default exists would be determined by the covenants in loan agreements and bond indentures.
A pledge in a bond indenture indicating the fulfilment of a promise or agreement by the company issuing the debt.
Also called a Bond Indenture or Trust Deed.
For bond issuers, conditions for default are defined in a legal document called a «bond indenture.»
Covenants are most common in lending agreements and bond indentures.
The terms are detailed in the bond indenture.
In the article, Mr. Birney discusses how make - whole premiums (MWPs) have become ever - present clauses in commercial loan agreements and bond indentures.