Corporate actions

Glossary

Term

Term

Explanation

Explanation

Term

Bankruptcy

Explanation

Bankruptcy is a legal status of a company being unable to pay creditors. Bankruptcy usually involves a formal court ruling and securities may become valueless.

Term

Bond

Explanation

A bond is an unsecured general debt obligation in the form of a security usually with a fixed interest rate or no interest (zero-coupon bond). With few exceptions (such as perpetual bonds), these instruments have a fixed maturity, e.g. bond issues, medium-term notes.

Term

Bond default

Explanation

A bond default is a failure by the company to perform obligations defined as default events under the bond agreement and that have not been remedied.

Term

Bonus issue

Explanation

In a bonus issue the issuer distributes additional assets and free of payment to security holders, in proportion to their holding.

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