underlying company
21Open Ended Investment Company - OEIC — A type of company or fund in the UK that is structured to invest in other companies with the ability to adjust constantly its investment criteria and fund size. The company s shares are listed on the London Stock Exchange, and the price of the… …
22bond — payment by a tenant to a landlord before the tenant takes over the premises and from which the landlord may be able to deduct arrears of rent or the cost of rectifying damage. Glossary of Business Terms (1) A debt security. Sometimes used only in …
23Dividend reinvestment plan — A dividend reinvestment program or dividend reinvestment plan (DRIP) is an equity investment option offered directly from the underlying company. The investor does not receive quarterly dividends directly as cash; instead, the investor s… …
24North American Loan Credit Default Swap Index - LCDX — A specialized index of loan only credit default swaps (CDS) covering 100 individual companies that have unsecured debt trading in the broad secondary markets. The LCDX is traded over the counter and is managed by a consortium of large investment… …
25Preference 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… …
26Reverse Convertible Bond - RCB — A bond that can be converted to cash, debt or equity at the discretion of the issuer at a set date. The bond contains an embedded derivative that allows the issuer to put the bond to bondholders at a set date prior to the bond s maturity for… …
27credit-linked note — (CLN) United Kingdom A funded credit derivative in the form of a debt security, under which the investor in the note will receive the face value of the note at maturity unless there is a default by an underlying third party referenced by the note …
28CLN — credit linked note (CLN) United Kingdom A funded credit derivative in the form of a debt security, under which the investor in the note will receive the face value of the note at maturity unless there is a default by an underlying third party… …
29Stock Participation Accreting Redemption Quarterly-Pay Securities - SPARQS — A callable note that pays interest to the holder, and upon maturity is exchanged for shares in the underlying company. These investment products are issued and underwritten by Morgan Stanley and provide investors with both interest payments and… …
30Earnings Power — A business s ability to generate profit from conducting its operations. Earnings power is used to analyze stocks to assess whether the underlying company is worthy of investment. Possessing greater long term earnings power is one indication that… …
