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Definitions (657)

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interest during construction


An amount that is usually equal to capitalized interest.
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pari passu


Literally, “with equal treatment among themselves.” A legal term that refers to financial instruments that rank equally in right of payment with each other and with other instruments of the same [..]
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operating risk


Cost, technology, and management components which affect operating expenses, output, or throughput.
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Engineering, Procurement, and Construction
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or


Purchasing Power Parity
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yield to maturity


The rate of interest (discount) that equates future cash flows of a bond (both principal and interest) with the present market price. Yield to Maturity is the time-adjusted rate of return earned [..]
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zero coupon bond


A bond that pays no periodic interest, but returns a given amount of principal at a stated maturity date. Zero coupon bonds are sold at a discount to the maturity amount to provide the holder wi [..]
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wrapped bonds


Bonds that carry a significantly lower corporate spread because they are guaranteed by a monoline insurance company
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yankee bonds


Foreign bonds denominated in U.S. dollars and issued in the United States by foreign banks and corporations. These bonds are usually registered with the SEC.
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yield


  The financial return usually expressed as a percentage per annum.                    
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