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SECURITIZATION, RISK TRANSFERRING AND FINANCIAL
SECURITIZATION, RISK TRANSFERRING AND FINANCIAL

... rising interest has recently emerged with the financial crisis. There is an empirical literature studying the interaction of lending and housing prices both at the international (Hofmann, 2001; Tsatsaronis and Zhu, 2004) and the individual country levels (Gerlach and Peng, 2005; Gimeno and Martínez- ...
Can a "Credit Crunch" Be Efficient?
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... number of common shares outstanding during the year. Diluted earnings per share is calculated using the treasury stock method. 2. Sale of Wajax Income Fund On June 6, 2005, the shareholders of Wajax Limited, an equity accounted investment, approved a Plan of Arrangement to convert into Wajax Income ...
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Debt

A debt generally refers to something owed by one party, the borrower or debtor, to a second party, the lender or creditor. Debt is generally subject to contractual terms regarding the amount and timing of repayments of principal and interest. The term can also be used metaphorically to cover moral obligations and other interactions not based on economic value.
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