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Definition of Note
Debt instruments with initial maturities greater than one year and less than 10 years.
notes issued by states and municipalities to obtain interim financing for
Short-term securities that are repayable immediately upon the holder's demand.
Commercial paper backed by normal bank lines plus a letter of credit from a
A non-underwritten Euronote issued directly to the market. Euro-
Short- to medium-term debt instrument sold in the Eurocurrency market.
note the maturity of which can be extended by mutual agreement of the issuer and
note that allows investors to switch between two different types of debt.
note whose interest payment varies with short-term interest rates.
A variable rate security whose coupon rate increases as a benchmark interest rate declines.
Zero-coupon, callable, putable, convertible bond invented by Merrill
Zero-coupon, callable, putable, convertible bond invented by Merrill Lynch & Co.
A corporate debt instrument that is continuously offered to investors over a period of
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
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
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.
TANs (tax anticipation notes)
Tax anticipation notes issued by states or municipalities to finance current
Debt obligations of the U.S. Treasury that have maturities of more than 2 years but less than 10 years.
U.S. Treasury note
U.S. government debt with a maturity of one to 10 years.
An alteration in the accounting methodology or estimates used in
Amounts due to vendors for purchases on open account, that is, not evidenced
Amounts due from customers for sales on open account, not evidenced
A ratio that shows how well a company could pay its current debts using only its most liquid or “quick” assets. It’s a more pessimistic—but also realistic—measure of safety than the current ratio, because it ignores sluggish, hard-toliquidate current assets like inventory and notes receivable. Here’s the formula:
A report issued to a company’s shareholders, creditors, and regulatory
Bond or note secured by assets of company.
A comparison between the cash position recorded on a company’s
This is the person who benefits from the terms of a trust, a will, an RRSP, a RRIF, a LIF, an annuity or a life insurance policy. In relation to RRSP's, RRIF's, LIF's, Annuities and of course life insurance, if the beneficiary is a spouse, parent, offspring or grand-child, they are considered to be a preferred beneficiary. If the insured has named a preferred beneficiary, the death benefit is invariably protected from creditors. There have been some court challenges of this right of protection but so far they have been unsuccessful. See "Creditor Protection" below. A beneficiary under the age of 18 must be represented by an individual guardian over the age of 18 or a public official who represents minors generally. A policy owner may, in the designation of a beneficiary, appoint someone to act as trustee for a minor. Death benefits are not subject to income taxes. If you make your beneficiary your estate, the death benefit will be included in your assets for probate. Probate filing fees are currently $14 per thousand of estate value in British Columbia and $15 per thousand of estate value in Ontario.
A long-term, interest-bearing promissory note that companies may use to borrow money for periods of time such as five, ten, or twenty years.
An upper limit on the interest rate on a floating-rate note.
capital structure, or capitalization
Terms that refer to the combination of
The value of assets that can be converted into cash immediately, as reported by a company. Usually
Cash and equivalents
The value of assets that can be converted into cash immediately, as reported by a
An upper and lower limit on the interest rate on a floating-rate note.
Collateral trust bonds
A bond in which the issuer (often a holding company) grants investors a lien on
Short-term unsecured promissory notes issued by a corporation. The maturity of
Short-term unsecured notes issued by firms.
In bonds, notes or other fixed income securities, the stated percentage rate of interest, usually
Purchases of goods or services from suppliers on credit to whom the debt is not yet paid. Or a
Current means that these liabilities require payment in
This is typically the accounts payable, short-term notes payable, and
For bonds or notes, the coupon rate divided by the market price of the bond.
As the term dividend relates to a corporation's earnings, a dividend is an amount paid per share from a corporation's after tax profits. Depending on the type of share, it may or may not have the right to earn any dividends and corporations may reduce or even suspend dividend payments if they are not doing well. Some dividends are paid in the form of additional shares of the corporation. Dividends paid by Canadian corporations qualify for the dividend tax credit and are taxed at lower rates than other income.
An arrangement whereby the interest rate on a floating rate note or preferred stock becomes fixed
Short-term notes with maturities up to 360 days that are issued by companies in
The return expected on a risky asset based on a probability distribution for the possible rates
Extending maturity through a swap, e.g. selling a 2-year note and buying one with a slightly
financial reports and statements
Financial means having to do with
1) Bonds or notes with a long current maturity.
1) Bonds or notes with a long current maturity.
Floating rate note whose interest rate is reset at more frequent intervals than the rollover
money market fund
A type of mutual fund that invests primarily in short-term debt securities maturing in one year or less. These include treasury bills, bankers’ acceptances, commercial paper, discount notes and guaranteed investment certficates.
The difference between the total assets and total liabilities of a company. note: The value of the preferred shares is deducted from the net worth because the preferred's are usually redeemed before any value is paid to the common shareholders.
Maturity at issue. For example, a five year note has an original maturity of 5 years; one
As non-smoking rates caused a major reduction in the cost of life insurance in the early 1980's, the emergence of preferred non-smoker rates in 1998 has caused another noteworthy reduction in rates. A growing number of insurance companies are offering better rates which go beyond simply looking at gender or smoking habits. Other health related factors such as physical build, lifestyle, avocation and personal and family health history indicating longer life expectancy can add up to significant cost savings to new life insurance applicants. Make certain to ask about these new preferred rates.
Gives the holder of a floating-rate bond the right to redeem his note at par on the coupon
Also called the swap option, the seller's choice of deliverables in Treasury Bond and Treasury
Reverse price risk
A type of mortgage-pipeline risk that occurs when a lender commits to sell loans to an
Either the collateral on a loan, or some type of equity ownership or debt, such
For a Treasury Bond or note futures contract, the seller's choice of when in the delivery month to deliver.
A measure of risk based on the standard deviation of investment fund performance over 3 years.
The percentage rate of return paid on a stock in the form of dividends, or the effective rate of interest
Yield to call
The percentage rate of a bond or note, if you were to buy and hold the security until the call date.
Yield to maturity
The percentage rate of return paid on a bond, note or other fixed income security if you
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