preferred equity
51Tangible Common Equity Ratio - TCE — A ratio used to determine how much losses a bank can take before shareholder equity is wiped out. The Tangible Common Equity (TCE) ratio is calculated by taking the value of the company s total equity and subtracting intangible assets, goodwill… …
52Private Investment in Public Equity - PIPE — A private investment firm s, mutual fund s or other qualified investors purchase of stock in a company at a discount to the current market value per share for the purpose of raising capital. There are two main types of PIPEs traditional and… …
53Common ordinary equity — (CEQ) represents the common shareholders interest in the company. CEQ is a component of Shareholders Equity Total (SEQ). CEQ is the sum of: Common/Ordinary Stock (Capital) (CSTK) Capital Surplus/Share Premium Reserve (CAPS) Retained Earnings (RE) …
54debt-equity ratio — The ratio of a corporation’s *long term *debt to its *equity. The elements of equity used in the ratio include *common stock, *preferred stock, and *retained earnings. The debt equity ratio measures a corporation’s *leverage …
55return on equity — The relationship of the amount of annual earnings available after all expenses are paid to the total value of all the common shareholders investment. Return on equity is calculated by dividing common stock equity (net worth as shown on the books… …
56Wachovia Hybrid and Preferred Securities (WHPPSM) Indicies — Market capitalization weighted indicies designed by Wachovia to measure the performance of the U.S. preferred shares in addition to five other specialized indecies. The Wachovia Hybrid and Preferred Securities (WHPS) Aggregate Index consist of… …
57Canadian Originated Preferred Securities - COPrS — A long term subordinated debt instrument issued in Canada. COPrS (pronounced coppers ) are a type of derivative equity security invented by Merrill Lynch in the mid 1990s. The first company to offer them was TransCanada PipeLines. COPrS are not… …
58return on equity — Accounting. the amount of profit computed by dividing net income before taxes less preferred dividends by the value of stockholders equity, usually expressed as a percentage. Abbr.: ROE * * * …
59Participating Convertible Preferred Share - PCP — An equity holding that gives investors the right to claim excess earnings (along with common stock shareholders) in addition to the preferred dividend. PCPs are commonly used in venture capital financing; venture capitalists will often exercise… …
60Preference Equity Redemption Cumulative Stock - PERCS — A convertible preferred stock with an enhanced dividend that is limited in term and participation. Preference equity redemption cumulative stock (PERCS) shares can be converted for shares of common stock in the underlying company at maturity. If… …
