What is callable capital?
Callable capital is that part of a company's capital which has not been called up.
What does "callable" mean in a presentation?
Callable means “capable of being called specifically subject to a demand for presentation.”
What does capital mean in economics?
In economics, "Capital" means any material quantity that has value, and using which brings revenue to the business.
What is the segment of capital market where the public buys debt or equity securities directly from the company itself?
In the segment of capital market where general public buy debt or equity securities directly from the company itself, is called the Primary Market segment (normally via an IPO).
What is callable bond?
Key Takeaways. A callable bond is a debt security that can be redeemed early by the issuer before its maturity at the issuer's discretion. A callable bond allows companies to pay off their debt early and benefit from favorable interest rate drops. A callable bond benefits the issuer, and so investors of these bonds are compensated ...
How does a callable bond work?
A callable bond is a debt instrument in which the issuer reserves the right to return the investor's principal and stop interest payments before the bond's maturity date . Corporations may issue bonds to fund expansion or to pay off other loans.
What are the advantages and disadvantages of callable bonds?
Advantages and Disadvantages of Callable Bonds 1 Pay a higher coupon or interest rate 2 Investor-financed debt is more flexibility for the issuer 3 Helps companies raise capital 4 Call features allow recall and refinancing of debt
Why is a callable bond not appropriate?
As a result, a callable bond may not be appropriate for investors seeking stable income and predictable returns.
What is call protection?
Call protection refers to the period when the bond cannot be called. The issuer must clarify whether a bond is callable and the exact terms of the call option, including when the timeframe when the bond can be called.
Why do businesses call bonds?
A business may choose to call their bond if market interest rates move lower, which will allow them to re-borrow at a more beneficial rate. Callable bonds thus compensate investors for that potentiality as they typically offer a more attractive interest rate or coupon rate due to their callable nature.
When do bond issuers call?
An issuer will usually call the bond when interest rates fall. This calling leaves the investor exposed to replacing the investment at a rate that will not return the same level of income. Conversely, when market rates rise, the investor can fall behind when their funds are tied up in a product that pays a lower rate.
What is recallable capital?
Recallable Capital means, for any Investor, at any time, any amounts distributed to such Investor that are added back to such Investor’s Uncalled Capital Commitment and subject to recall as a Capital Contribution pursuant to the applicable Subscription Agreement.
What is redeemable capital stock?
Redeemable Capital Stock means any shares of any class or series of Capital Stock, that, either by the terms thereof, by the terms of any security into which it is convertible or exchangeable or by contract or otherwise, is or upon the happening of an event or passage of time would be, required to be redeemed prior to the date of the last scheduled payment of any Loan then outstanding or is redeemable at the option of the holder thereof at any time prior to such date, or is convertible into or exchangeable for Indebtedness at any time prior to such date .
What is net available cash from an asset disposition?
Net Available Cash from an Asset Disposition means cash payments received (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise and net proceeds from the sale or other disposition of any securities received as consideration, but only as and when received, but excluding any other consideration received in the form of assumption by the acquiring person of Indebtedness or other obligations relating to the properties or assets that are the subject of such Asset Disposition or received in any other non-cash form) therefrom, in each case net of:
What is net capital proceeds?
Net Capital Proceeds means the net cash proceeds received by the Partnership in connection with (i) any Sale, ( ii) any borrowing or refinancing of borrowing (s) by the Partnership, (iii) any condemnation or deeding in lieu of condemnation of all or a portion of any Property , (iv) any collection in respect of property, hazard, or casualty insurance (but not business interruption insurance) or any damage award; or (v) any other transaction the proceeds of which, in accordance with generally accepted accounting principles, are considered to be capital in nature, in each case, after deduction of (a) all costs and expenses incurred by the Partnership with regard to such transactions (including, without limitation, any repayment of any indebtedness required to be repaid as a result of such transaction or which the General Partner elects to pay out of the proceeds of such transaction, together with accrued interest and premium, if any, thereon and any sales commissions or other costs or expenses due and payable to any Person in connection therewith, including to a Partner or its Affiliates), and (b) all amounts expended by the Partnership for the acquisition of additional Properties, Mortgages or other investments or for capital repairs or improvements to any Property with such cash proceeds.
What are R&G significant subsidiaries?
For purposes of this Agreement, the R&G Significant Subsidiaries are R&G Mortgage Corp.
What is available cash flow?
Available Cash Flow means an amount, with respect to each Fiscal Year or portion thereof during the Term, equal to the excess, if any, of the Operating Profit over the Owner’s Priority.
What is a venture capital fund?
Venture capital fund means a private fund that meets the definition of a venture capital fund in SEC Rule 203 (l)-1, 17 CFR 275.203 (l)-1.
