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Liquid yield option note (LYON)
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Liquid yield option note (LYON)A zero coupon bond that is callable (by issuer), putable (by investor), and convertible. LYONs are synthetic products that are financially engineered by Merrill Lynch.
RELATED TERMS--------------------------------------
Coupon
The contractual interest obligation a bond or debenture issuer covenants to pay to its debt holders.
Bond
Certificate, stating that the issuer is committing himself to repay the loan, including interest and other payments, to the holder.
Callable
Applies mainly to convertible securities. Redeemable by the issuer before the scheduled maturity under specific conditions and at a stated price, which usually begins at a premium to par and declines annually.
Synthetic
A financial instrument that is created artificially by simulating another instrument with the combined features of a collection of other assets.
SIMILAR TERMS--------------------------------------
LIQUEFIED NATURAL Gas Limited
LIQUEFIED NATURAL Gas Limited is a large Australian company in the field of energy. Their Australian Stock Exchange (ASX) code is LNG.
Liquid
Easily traded or converted to cash.
Liquid asset
Cash or items which can readily be converted to cash.
Liquid market
A market with many bid and ask offers. The market is characterized by high liquidity, low spreads, and low volatility.
Liquidate
To sell personal assets in order to pay creditors.
Liquidated damages
Present in certain legal contracts, this provision allows for the payment of a specified sum should one of the parties be in breach of contract.
Liquidating dividend
Payment by a firm to its owners from capital rather than from earnings.
Liquidation
1) When a business or firm is terminated or bankrupt, its assets are sold and the proceeds pay creditors. 2) Any transaction that offsets or closes out a long or short position.
Liquidation by assignment
Sale or realization of a debtor firm's assets voluntarily agreed to by its creditors who estimate that the firm's liquidation value exceeds its going-concern value.
Liquidation or receivership-winding up
The compulsory sale of the assets of a bankrupt company.
Liquidation rights
The rights of a firm's security holders in the event the firm liquidates.
Liquidation value
A balance sheet concept that represents the amount of money that could be realized by breaking up the company, selling its assets, repaying its debt, and distributing the remainder to its stockowners.
Liquidation World
Liquidation World is one of Canada's largest companies.
Liquidator
An official appointed to supervise the liquidation of a company.
Liquidator or administrator
Person appointed by a court who realizes (turns into cash) a company's assets in order to repay creditors.
Liquidity
The degree to which assets of a company or an investment can easily be sold or converted into cash.
Liquidity diversification
Investing in a variety of maturities to reduce the price risk to which holding long bonds exposes the investor.
Liquidity preference
The public's demand for money in cash or current bank accounts; money which is saved rather than spent or lent.
Liquidity preference hypothesis
The argument that greater liquidity is valuable, all else equal. Also, the theory that the forward rate exceeds expected future interest rates.
Liquidity premium
Forward rate minus expected future short-term interest rate.
Liquidity ratios
Ratios that measure a firm's ability to meet its short-term financial obligations on time, such as the ratio of current assets to current liabilities.
Liquidity risk
In banking, risk that a depository institution will not have sufficient cash or liquid assets to meet borrower and depositor demand.
Liquidity theory of the term structure
A biased expectations theory that asserts that the implied forward rates will not be a pure estimate of the market's expectations of future interest rates because they embody a liquidity premium.
Liquor Stores Income Fund
Liquor Stores Income Fund is one of Canada's largest companies.
PREVIOUS AND NEXT TERMS--------------------------------------
Linked deposit
The utilization of public money to encourage private lending that is beneficial to community interests.
Linking method
Method for calculating rates of return that multiplies one plus the interim rate of return.
Liquid
Easily traded or converted to cash.
Liquid asset
Cash or items which can readily be converted to cash.
Liquid market
A market with many bid and ask offers. The market is characterized by high liquidity, low spreads, and low volatility.
Liquid yield option note (LYON)
Liquidate
To sell personal assets in order to pay creditors.
Liquidated damages
Present in certain legal contracts, this provision allows for the payment of a specified sum should one of the parties be in breach of contract.
Liquidating dividend
Payment by a firm to its owners from capital rather than from earnings.
Liquidation
1) When a business or firm is terminated or bankrupt, its assets are sold and the proceeds pay creditors. 2) Any transaction that offsets or closes out a long or short position.
Liquidation by assignment
Sale or realization of a debtor firm's assets voluntarily agreed to by its creditors who estimate that the firm's liquidation value exceeds its going-concern value.
RELATED TERMS--------------------------------------
Coupon
The contractual interest obligation a bond or debenture issuer covenants to pay to its debt holders.
Bond
Certificate, stating that the issuer is committing himself to repay the loan, including interest and other payments, to the holder.
Callable
Applies mainly to convertible securities. Redeemable by the issuer before the scheduled maturity under specific conditions and at a stated price, which usually begins at a premium to par and declines annually.
Synthetic
A financial instrument that is created artificially by simulating another instrument with the combined features of a collection of other assets.
SIMILAR TERMS--------------------------------------
LIQUEFIED NATURAL Gas Limited
LIQUEFIED NATURAL Gas Limited is a large Australian company in the field of energy. Their Australian Stock Exchange (ASX) code is LNG.
Liquid
Easily traded or converted to cash.
Liquid asset
Cash or items which can readily be converted to cash.
Liquid market
A market with many bid and ask offers. The market is characterized by high liquidity, low spreads, and low volatility.
Liquidate
To sell personal assets in order to pay creditors.
Liquidated damages
Present in certain legal contracts, this provision allows for the payment of a specified sum should one of the parties be in breach of contract.
Liquidating dividend
Payment by a firm to its owners from capital rather than from earnings.
Liquidation
1) When a business or firm is terminated or bankrupt, its assets are sold and the proceeds pay creditors. 2) Any transaction that offsets or closes out a long or short position.
Liquidation by assignment
Sale or realization of a debtor firm's assets voluntarily agreed to by its creditors who estimate that the firm's liquidation value exceeds its going-concern value.
Liquidation or receivership-winding up
The compulsory sale of the assets of a bankrupt company.
Liquidation rights
The rights of a firm's security holders in the event the firm liquidates.
Liquidation value
A balance sheet concept that represents the amount of money that could be realized by breaking up the company, selling its assets, repaying its debt, and distributing the remainder to its stockowners.
Liquidation World
Liquidation World is one of Canada's largest companies.
Liquidator
An official appointed to supervise the liquidation of a company.
Liquidator or administrator
Person appointed by a court who realizes (turns into cash) a company's assets in order to repay creditors.
Liquidity
The degree to which assets of a company or an investment can easily be sold or converted into cash.
Liquidity diversification
Investing in a variety of maturities to reduce the price risk to which holding long bonds exposes the investor.
Liquidity preference
The public's demand for money in cash or current bank accounts; money which is saved rather than spent or lent.
Liquidity preference hypothesis
The argument that greater liquidity is valuable, all else equal. Also, the theory that the forward rate exceeds expected future interest rates.
Liquidity premium
Forward rate minus expected future short-term interest rate.
Liquidity ratios
Ratios that measure a firm's ability to meet its short-term financial obligations on time, such as the ratio of current assets to current liabilities.
Liquidity risk
In banking, risk that a depository institution will not have sufficient cash or liquid assets to meet borrower and depositor demand.
Liquidity theory of the term structure
A biased expectations theory that asserts that the implied forward rates will not be a pure estimate of the market's expectations of future interest rates because they embody a liquidity premium.
Liquor Stores Income Fund
Liquor Stores Income Fund is one of Canada's largest companies.
PREVIOUS AND NEXT TERMS--------------------------------------
Linked deposit
The utilization of public money to encourage private lending that is beneficial to community interests.
Linking method
Method for calculating rates of return that multiplies one plus the interim rate of return.
Liquid
Easily traded or converted to cash.
Liquid asset
Cash or items which can readily be converted to cash.
Liquid market
A market with many bid and ask offers. The market is characterized by high liquidity, low spreads, and low volatility.
Liquid yield option note (LYON)
Liquidate
To sell personal assets in order to pay creditors.
Liquidated damages
Present in certain legal contracts, this provision allows for the payment of a specified sum should one of the parties be in breach of contract.
Liquidating dividend
Payment by a firm to its owners from capital rather than from earnings.
Liquidation
1) When a business or firm is terminated or bankrupt, its assets are sold and the proceeds pay creditors. 2) Any transaction that offsets or closes out a long or short position.
Liquidation by assignment
Sale or realization of a debtor firm's assets voluntarily agreed to by its creditors who estimate that the firm's liquidation value exceeds its going-concern value.
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This dictionary contains 24549 terms.
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