Tranche
One of several related securities offered at the same time. Tranches from the same offering usually have different risk, reward, and/or maturity characteristics. |
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Shirking
The tendency to do less work when the return is smaller. Owners may have more incentive to shirk if they issue equity as opposed to debt, because they retain less ownership interest in the company and therefore may receive a smaller return. Thus, shirking is considered an agency cost of equity.
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Times-interest-earned ratio Internal Rate of Return (IRR) Present value of growth opportunit... Dept/equity ratio Risk-adjusted return on capital (R... Return on equity (ROE) Price value of a basis point (PVBP... Payment-In-Kind (PIK) bond Total return swap BIS ratio Money market hedge Security market line Flat Organisational Structure Realized compound yield Plain vanilla bond NPVGO Sum-of-The-Parts-Valuation (SoTP) Long-term debt ratio Nostro accounts Weighted average portfolio yield