What are the money market yields?
Bank discount yield (BDY) is the annualized discount rate expected from the face value of a money market instrument on a 360-day simple interest basis (i.e., without compounding) e...
What are the key share ratios?
The earnings per share (EPS) is net income for the year attributable to common shareholders of the company divided by the weighted average number of issue-adjusted common shares du...
What are the key dividend and earnings ratios?
Dividends per share is used in other financial formulas, including dividend yield and the dividend payout ratio. Dividends per share (DPS) is the ratio of the total annual dividen...
What are the investment yield and the tax-equivalent yield?
Investment yield is the bond equivalent yield (BEY) measure of return used by the US Treasury to compare the yield on T-bills with bonds maturing on the same date, calculated as a...
What are the costs of fund investing?
The price at which investment fund shares are sold to the public is its public offering price (POP). For mutual funds, it includes the front-end sales charge plus the net asset va...
What are tax depreciation and MACRS?
Tax laws generally grant depreciation rights only to the asset’s legal owner, who depreciates the cost of the asset over its economic life and claims any available investment tax c...
A negotiable certificate entitling its holder to purchase a certain amount of a new issue of shares at a fixed price, usually below the current market price, is a subscription righ...
What are SNDA agreements and the privity of contract?
A subordination, non-disturbance and attornment agreement (SNDA agreement) is employed by a landlord, tenant and the lender to resolve how and when the rights of tenants will be su...
What are servicing agreements?
A servicing agreement is a contract between a servicer and a special purpose vehicle (SPV) or an assignee under which the servicer is responsible for administering a lease and acti...
A bond that is backed by one or more assets of the issuer to secure the payment of interest and the repayment of the principal is a secured bond. Because government securities are...
