please tell me what the "incipient default" is
Category: glossary by Kiana O. From Clermont-Ferrand, France
When a borrower appears to be heading toward defaulting on its debt. An incipient default is the foreshadowing of a person or company's inability to service a debt obligation. Within the loan arrangement, the lender can make specific provisions regarding an incipient default. Such provisions may place covenants on the borrower or impair a contractual right. Incipient defaults may be determined based on current business problems, such as an illiquid balance sheet or a low quick ratio.
Would you help a guy who needs a foreign exchange platform that has great language number?
Category: platform by H. B. From Netherlands
We think "Forex Club" is exactly the place for that. Its platform supports lots of different languages. The foreign exchange platform is available in many languages, like Hebrew, Italian or Deutsch (and many more languages).
please tell me what the "Hang Seng index" is
Category: glossary by A. Doyle from United Kingdom
The benchmark indicator of stock market performance in Hong Kong based on 33 companies with an aggregate market capitalisation accounting for about 70% of the total market capitalisation of all eligible stocks listed on the Main Board of the Stock Exchang
what is "leveraged buyout"?
Category: glossary by Israel E. From Austria
the "leveraged buyout " is The acquisition of another company using a significant amount of borrowed money (bonds or loans) to meet the cost of acquisition. Often, the assets of the company being acquired are used as collateral for the loans in addition to the assets of the acquiring company. The purpose of leveraged buyouts is to allow companies to make large acquisitions without having to commit a lot of capital. In an LBO, there is usually a ratio of 90% debt to 10% equity. Because of this high debt/equity ratio, the bonds usually are not investment grade and are referred to as junk bonds. Leveraged buyouts have had a notorious history, especially in the 1980s when several prominent buyouts led to the eventual bankruptcy of the acquired companies. This was mainly due to the fact that the leverage ratio was nearly 100% and the interest payments were so large that the company's operating cash flows were unable to meet the obligation. As of 2006, the largest LBO to date was the acquisition of HCA Inc. in 2006 by Kohlberg Kravis Roberts & Co. (KKR), Bain & Co, and Merrill Lynch. According to the Washington Post, the three companies paid around $33 billion for the acquisition. It can be considered ironic that a company's success (in the form of assets on the balance sheet) can be used against it as collateral by a hostile company that acquires it. For this reason, some regard LBOs as an especially ruthless, predatory tactic.
Do you know of an online forex platform that has giant leverage that you can recommend me of
Category: money by L. V. From Vaduz, Liechtenstein
We think "etoro.com" is exactly the place for that - in "etoro.com" the leverage is up to 400:01:00!! So if you're chasing big numbers, this foreign exchange web trading platform is exactly the one for you.
Which online fx platform has the nicest interface, in your opinion?
Category: platform by R. H. From Switzerland
If you're interested in the greatest forex site that has the most useful trading environment, we advice you to head for "Global Forex Trading (GFT)". With soothing design and a very accessible forex platform, this forex site has become an excellency standard among its competitors. Plus, the download and installation of the system's installation package is easy - the connection is disturbance free, and it is no trouble to follow the instructions and start playing.
Which forex site has got progressive mobile-friendly program, to your suggestion?
Category: platform by Q. Wade from United States
"GCI" is totally the place if you search for a legendary site with mobile enhanced program. The design is real clean and the environment is truly a sophisticated one - this mobile accessible platform is growing to be one of the most popular forex programs available.
what is "absolute priority"?
Category: glossary by F. Trevino from United States
A rule that stipulates the order of payment - creditors before shareholders - in the event of liquidation. The absolute priority rule is used in bankruptcies to decide what portion of payment will be received by which participants. Debts to creditors will be paid first and shareholders (partial owners) divide what remains. Regarding the estate of a deceased person, the absolute priority rule will ensure payment of outstanding debts before the distribution to beneficiaries. Also known as "liquidation preference". Absolute priority specifies the pecking order. Senior creditors always get first grabs at the proceeds from liquidation, and shareholders are the last to get paid. This rule provides a degree of protection to creditors in the event of insolvency or death. The division of benefits (cash) is not always the result of a bankruptcy. It can also occur due to the liquidation of assets in order to pay down a company's liabilities. In estate cases if the resources of the estate are insufficient to pay off the debts, assets will need to be liquidated to handle the obligations.
please define a "credit cliff"
Category: glossary by E. T. From Belgium
the "credit cliff " is A slang term referring to the compounding of a company's credit deterioration caused by provisions such as financial covenants, or events that trigger a change in the company's credit rating. These can put pressure on the company's liquidity or its business to a material extent. For example, if a company is performing poorly it may get a credit rating downgrade, which gives the company a higher cost of capital (because a lower rating means the company would have to pay higher interest on its debt), making the company's situation even worse. You can think of a highly leveraged company that is in financial trouble as teetering on the edge of a cliff. One false step and they'll be in a freefall!
what is a "differential"?
Category: glossary by X. Silva from United States
The amount of adjustment of the delivery location and grade of deliverables that a futures contract permits. Also known as "allowance. " Some futures contracts allow the short position to adjust the location of the delivery and/or the grade of commodity being delivered. The permitted differentials are set in relation to a central location or the par basis grade.