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Timothy Plan High Yield Bond Fund Class I
Timothy Plan High Yield Bond Fund Class I

... intended to address any individual's investment objectives, financial situation or personal circumstances. We recommend that investors define their goals, risk tolerance, time horizon and investment objectives in addition to researching possible investment choices. Target date funds are built for in ...
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...  Evidence investors’ right to return based on profitable investment  Return results from actual asset ownership ...
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... issuer to repay the bond early (before the maturity date) at a set amount – The amount is typically higher than the face value – If interest rates are dropping, corporations may choose to call the bonds because they can re-issue them at a lower interest rate. ...
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GOLDMAN SACHS - Follow the “money” in China... to measure credit

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... sharply, and central banks stretched their balance sheets to facilitate funding. These funding problems had significant asset-pricing effects, the most extreme example being the failure of the Law of One Price: securities with (nearly) identical cash flows traded at different prices, giving rise to ...
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Net Profit Ratio

... FINANCIAL RATIO ANALYSIS ...
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Fixed income for defined benefit plan investing

ROYAL BANK OF CANADA
ROYAL BANK OF CANADA

... Return is positive, Royal Bank of Canada will repay the principal amount at maturity plus pay a return equal to 1.5 (the “Multiplier”) times the Index Return, up to the Maximum Gain. If the Index Return is zero or negative, and the Index Ending Level is greater than or equal to the Trigger Level, Ro ...
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... Credit Card Sales On July 16, 2011, Barton, Co. has a bank credit card sale of $500 to a customer. The bank charges a processing fee of 2%. Barton remits the credit card sale to the credit card company and waits for the payment that is received on July 28. Jul. 16 Accounts Receivable - Credit Card C ...
The Islamic Finance and Markets Review – the Cayman
The Islamic Finance and Markets Review – the Cayman

... file those accounts with CIMA within six months of the end of its financial year; c           to pay an annual filing fee; and d          to have appointed to its board of directors at least two directors at any one time. Generally, these should be individuals. If CIMA is satisfied that a regulated ...
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Balance Sheets after the EMU - OFCE

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Business Advance Studies - Financial Literacy Pretest

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... As long as housing prices kept climbing, fuelled by ever-increasing levels of debt and leveraging, all these problems remained hidden. The rising house prices provided the borrowers in financial trouble with an incentive to sell their homes and pay off their mortgages prematurely. In 2006, when pric ...
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... Revenue shall be measured at the fair value of the consideration received or receivable taking into account the amount of any trade discounts and volume rebates allowed by the entity. In most cases, the consideration is in the form of cash or cash equivalents and the amount of revenue is the amount ...
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ch05_final - U of L Class Index

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Credit spreads - Bank of England

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Municipal Bonds - Village of Homer Glen

< 1 ... 93 94 95 96 97 98 99 100 101 ... 257 >

Securitization

Securitization is the financial practice of pooling various types of contractual debt such as residential mortgages, commercial mortgages, auto loans or credit card debt obligations (or other non-debt assets which generate receivables) and selling their related cash flows to third party investors as securities, which may be described as bonds, pass-through securities, or collateralized debt obligations (CDOs). Investors are repaid from the principal and interest cash flows collected from the underlying debt and redistributed through the capital structure of the new financing. Securities backed by mortgage receivables are called mortgage-backed securities (MBS), while those backed by other types of receivables are asset-backed securities (ABS).Critics have suggested that the complexity inherent in securitization can limit investors' ability to monitor risk, and that competitive securitization markets with multiple securitizers may be particularly prone to sharp declines in underwriting standards. Private, competitive mortgage securitization is believed to have played an important role in the U.S. subprime mortgage crisis.In addition, off-balance sheet treatment for securitizations coupled with guarantees from the issuer can hide the extent of leverage of the securitizing firm, thereby facilitating risky capital structures and leading to an under-pricing of credit risk. Off-balance sheet securitizations are believed to have played a large role in the high leverage level of U.S. financial institutions before the financial crisis, and the need for bailouts.The granularity of pools of securitized assets can mitigate the credit risk of individual borrowers. Unlike general corporate debt, the credit quality of securitized debt is non-stationary due to changes in volatility that are time- and structure-dependent. If the transaction is properly structured and the pool performs as expected, the credit risk of all tranches of structured debt improves; if improperly structured, the affected tranches may experience dramatic credit deterioration and loss.Securitization has evolved from its beginnings in the late 18th century to an estimated outstanding of $10.24 trillion in the United States and $2.25 trillion in Europe as of the 2nd quarter of 2008. In 2007, ABS issuance amounted to $3.455 trillion in the US and $652 billion in Europe. WBS (Whole Business Securitization) arrangements first appeared in the United Kingdom in the 1990s, and became common in various Commonwealth legal systems where senior creditors of an insolvent business effectively gain the right to control the company.
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