|Euro-medium term note (Euro-MTN)|
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Definition of Euro-medium term note (Euro-MTN)
Euro-medium term note (Euro-MTN)
A non-underwritten euronote issued directly to the market. euro-
notes issued by states and municipalities to obtain interim financing for
A measure of the goodness of fit of the relationship between the dependent and
a measure of dispersion that
A eurobond that can be converted into another asset, often through exercise of
Conditions under which credit is extended by a lender to a borrower.
Short-term securities that are repayable immediately upon the holder's demand.
Liability-matching models that assume that the liability payments and the asset cash
Withdrawal of funds from a financial institution in order to invest them directly.
Commercial paper backed by normal bank lines plus a letter of credit from a
CDs issued by a U.S. bank branch or foreign bank located outside the U.S. Almost all euro CDs
Short-term notes with maturities up to 360 days that are issued by companies in
Lines of credit granted by banks (foreign or foreign branches of U.S. banks) for eurocurrencies.
Short- to medium-term debt instrument sold in the eurocurrency market.
A fixed-rate coupon eurobond.
A bank that regularly accepts foreign currency denominated deposits and makes foreign currency loans.
A bond that is (1) underwritten by an international syndicate, (2) offered at issuance
A debt security issued in a market other than the home market of
Bond that is marketed internationally.
One of two principal clearing systems in the eurobond market. It began operations in 1968, is
Intermediate-term loans of eurocurrencies made by banking syndicates to corporate and
A short-term fixed rate time deposit denominated in a currency other than the local
The money market for borrowing and lending currencies that are held in the form of
This is an American dollar that has been deposited in a european bank or an U.S. bank branch
eurobonds denominated in U.S.dollars.
Dollars held on deposit in a bank outside the United States.
Deposits denominated in U.S. dollars but held in banks located outside the United States, such as in Canada or France.
Securities sold in the euromarket. That is, securities initially sold to investors
European Currency Unit (ECU)
An index of foreign exchange consisting of about 10 european currencies,
European Monetary System (EMS)
An exchange arrangement formed in 1979 that involves the currencies
Option that may be exercised only at the expiration date. Related: american option.
An option that can be exercised only on its expiration date.
An option contract that can only be exercised on the expiration date.
European Union (EU)
An economic association of european countries founded by the Treaty of Rome in
European Union (EU)
an economic alliance originally created
eurobonds denominated in Japanese yen.
note the maturity of which can be extended by mutual agreement of the issuer and
Institutions that provide the market function of matching borrowers and lenders or
Firm that raises money from many small investors and provides financing to businesses or other
Any institution, such as a bank, that takes deposits from savers and loans them to borrowers.
The process whereby financial intermediaries channel funds from lender/savers to borrower/spenders.
Optional periods of time which the conditions of a contract will be carried out.
note that allows investors to switch between two different types of debt.
Floating-rate note (FRN)
note whose interest payment varies with short-term interest rates.
spread The spread between the interest rate offered in two sectors of the bond market for
Intermarket spread swaps
An exchange of one bond for another based on the manager's projection of a
An independent third party that may act as a mediator during negotiations.
A good used in producing another good.
Typically 1-10 years.
Investment through a financial institution. Related: disintermediation.
Inverse floating rate note
A variable rate security whose coupon rate increases as a benchmark interest rate declines.
Liquid yield option note (LYON)
Zero-coupon, callable, putable, convertible bond invented by Merrill
Liquid yield option note (LYON)
Zero-coupon, callable, putable, convertible bond invented by Merrill Lynch & Co.
Liquidity theory of the term structure
A biased expectations theory that asserts that the implied forward
In accounting information, one year or greater.
Value of property, equipment and other capital assets minus the depreciation. This is an
An obligation having a maturity of more than one year from the date it was issued. Also
A debt for which payments will be required for a period of more than
Long Term Debt
Liability due in a year or more.
Indicator of financial leverage. Shows long-term debt as a proportion of the
Long-term debt ratio
The ratio of long-term debt to total capitalization.
Long-term debt to equity ratio
A capitalization ratio comparing long-term debt to shareholders' equity.
Long-term financial plan
Financial plan covering two or more years of future operations.
Amount owed for leases, bond repayment and other items due after 1 year.
Bills that are payable in more than one year, such as a mortgage or bonds.
Amounts owing after more than one year.
Longer-Term Fixed Assets
Assets having a useful life greater than one year but the duration of the 'long term' will vary with the context in which the term is applied.
Medium of Exchange
Any item that can be commonly exchanged for goods and services.
A corporate debt instrument that is continuously offered to investors over a period of
Money market notes
Publicly traded issues that may be collateralized by mortgages and MBSs.
Short-term notes issued by municipalities in anticipation of tax receipts, proceeds from a
Debt instruments with initial maturities greater than one year and less than 10 years.
A contract for privately placed debt.
Note issuance facility (NIF)
An agreement by which a syndicate of banks indicates a willingness to accept
Amounts owed by the company that have been formalized by a legal document called a note.
notes receivable are promissory notes that the company has accepted from its debtors. Most promissory notes pay interest. Those that are due within a year are shown under “Current Assets.” Those that mature in more than a year would be listed under “Long-term Assets.” If a note is being
Amounts owed to the company that have been formalized by a legal agreement called a note.
Notes to the financial statements
A detailed set of notes immediately following the financial statements in
Other long term liabilities
Value of leases, future employee benefits, deferred taxes and other obligations
predetermined overhead rate
an estimated constant charge per unit of activity used to assign overhead cost to production or services of the period; it is calculated by dividing total budgeted annual overhead at a selected level of volume or activity by that selected measure of volume or activity; it is also the standard overhead application rate
Project notes (PNs)
Project notes are issued by municipalities to finance federally sponsored programs in
Written promise to pay.
Written promise committing the maker to pay the a specified sum of money either on demand or on some future date, with or without interest.
The length of time given a borrower by a lender to repay a debt and the frequency of principal payments which the borrower has to meet.
Short-term financial plan
A financial plan that covers the coming fiscal year.
Short-term investment services
Services that assist firms in making short-term investments.
Short-term solvency ratios
Ratios used to judge the adequacy of liquid assets for meeting short-term
Short-term tax exempts
Short-term securities issued by states, municipalities, local housing agencies, and
TANs (tax anticipation notes)
Tax anticipation notes issued by states or municipalities to finance current
See term to maturity.
This is usually the duration of a loan.
The period of time during which a financial contract – such as a GIC or a loan – is in force.
The time period during which a policy is in force, or the time it takes for a policy to reach maturity.
Often referred to as bullet-maturity bonds or simply bullet bonds, bonds whose principal is
An interest-earning bank deposit that cannot be withdrawn without penalty until a specific time.
Term Fed Funds
Fed Funds sold for a period of time longer than overnight.
Provides a death benefit only, no build-up of cash value.
A product that provides life coverage for a specified duration typically not beyond the age of 75.
Term life insurance
A contract that provides a death benefit but no cash build-up or investment component.
Term Life Insurance
A plan of insurance which covers the insured for only a certain period of time and not necessarily for his or her entire life. The policy pays a death benefit only if the insured dies during the term.
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