Category: glossary , Asked by: P. Y. From Plymouth, United Kingdom
A: The category of the money supply that includes M2 as well as all large time deposits, institutional money-market funds, short-term repurchase agreements, along with other larger liquid assets. This is the broadest measure of money; it is used by economists to estimate the entire supply of money within an economy. Visit FX Universal
Category: glossary by T. X. From United States
The number of common shares received at the time of conversion for each convertible security. It is calculated by using this formula: The higher the ratio, the higher the number of common shares exchanged per convertible security. The conversion ratio is determined at the time the convertible security is issued and will have an impact on the relative price of the security.
Category: glossary by Brynn C. From United Kingdom
Interest income that is exempt from federal income tax. Although it is not directly taxed, this income may still be required to determine other tax calculations such as Social Security benefits. For example, municipal bonds are exempt from federal and sometimes state taxes.
Category: glossary by O. C. From Canada
A municipal bond supported by the revenue from a specific project, such as a toll bridge, highway, or local stadium. This differs from general-obligation bonds, which can be repaid through a variety of tax sources. Revenue bonds are only payable from specified revenues. A main reason for using revenue bonds is that they allow the municipality to avoid reaching legislated debt limits.
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