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Dual purpose fund
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Dual purpose fundA closed-end fund consisting of two classes of shares: preferred shares (shareholders receive all the dividends and interest from the portfolio) and common shares (shareholders receive all the capital gains).
RELATED TERMS--------------------------------------
Fund
To provide money for a specific purpose; an amount of money saved for a specific purpose.
Shares
Certificates or book entries representing ownership in a corporation or similar entity.
Interest
The amount of money a lender loans a borrower to pay for using the borrower's principal.
Capital
1) Assets used for the production of profits and wealth. 2) Owner's equity in a business.
SIMILAR TERMS--------------------------------------
Dual banking
Describes United States custom in which a bank is chartered by the state or federal government.
Dual currency issues
Eurobonds that pay coupon interest in one currency but pay the principal in a different currency.
Dual listing
Listing of a security on more than one exchange, thus increasing the competition for bid and offer prices, the liquidity of the securities, and the length of time the stock can be traded daily.
Dual syndicate equity offering
An international equity placement that splits the offering into two branches (domestic and foreign); each grantee is handled by a separate lead manager.
Dual trading
The custom of a trader on the commodities market to deal for its own account and the investor's account at the same time.
PREVIOUS AND NEXT TERMS--------------------------------------
Drop dead fee
A term of British origin referring to fee that must be paid if a deal falls through because of financing issues.
Drop lock
The fixing of the interest rate on a floating-rate note or preferred stock if it falls to a specified level.
Dual banking
Describes United States custom in which a bank is chartered by the state or federal government.
Dual currency issues
Eurobonds that pay coupon interest in one currency but pay the principal in a different currency.
Dual listing
Listing of a security on more than one exchange, thus increasing the competition for bid and offer prices, the liquidity of the securities, and the length of time the stock can be traded daily.
Dual purpose fund
Dual syndicate equity offering
An international equity placement that splits the offering into two branches (domestic and foreign); each grantee is handled by a separate lead manager.
Dual trading
The custom of a trader on the commodities market to deal for its own account and the investor's account at the same time.
Due bill
An instrument evidencing the obligation of a seller to deliver securities sold to the buyer.
Due date
Date on which a debt must be paid.
Due diligence
An internal audit of a target firm by an acquiring firm.
RELATED TERMS--------------------------------------
Fund
To provide money for a specific purpose; an amount of money saved for a specific purpose.
Shares
Certificates or book entries representing ownership in a corporation or similar entity.
Interest
The amount of money a lender loans a borrower to pay for using the borrower's principal.
Capital
1) Assets used for the production of profits and wealth. 2) Owner's equity in a business.
SIMILAR TERMS--------------------------------------
Dual banking
Describes United States custom in which a bank is chartered by the state or federal government.
Dual currency issues
Eurobonds that pay coupon interest in one currency but pay the principal in a different currency.
Dual listing
Listing of a security on more than one exchange, thus increasing the competition for bid and offer prices, the liquidity of the securities, and the length of time the stock can be traded daily.
Dual syndicate equity offering
An international equity placement that splits the offering into two branches (domestic and foreign); each grantee is handled by a separate lead manager.
Dual trading
The custom of a trader on the commodities market to deal for its own account and the investor's account at the same time.
PREVIOUS AND NEXT TERMS--------------------------------------
Drop dead fee
A term of British origin referring to fee that must be paid if a deal falls through because of financing issues.
Drop lock
The fixing of the interest rate on a floating-rate note or preferred stock if it falls to a specified level.
Dual banking
Describes United States custom in which a bank is chartered by the state or federal government.
Dual currency issues
Eurobonds that pay coupon interest in one currency but pay the principal in a different currency.
Dual listing
Listing of a security on more than one exchange, thus increasing the competition for bid and offer prices, the liquidity of the securities, and the length of time the stock can be traded daily.
Dual purpose fund
Dual syndicate equity offering
An international equity placement that splits the offering into two branches (domestic and foreign); each grantee is handled by a separate lead manager.
Dual trading
The custom of a trader on the commodities market to deal for its own account and the investor's account at the same time.
Due bill
An instrument evidencing the obligation of a seller to deliver securities sold to the buyer.
Due date
Date on which a debt must be paid.
Due diligence
An internal audit of a target firm by an acquiring firm.
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This dictionary contains 24549 terms.
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