Monthly-Income Debt Securities

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Monthly-Income Debt Securities

Also called MIDS. Tradable debt securities representing the debt of a limited partnership. The limited partnership is a subsidiary of another company and exists only for the purpose of issuing the MIDS. The proceeds from MIDS are lent to the partnership's parent company. These securities thus combine aspects of stocks and bonds; they pay coupons on a monthly basis and usually have a par value of $25.
References in periodicals archive ?
MIDS LVT-1, for which the ViaSat/Harris team is currently under contract with the DoD, is initially targeted for U.
In cooperation with ViaSat, engineers and technicians at Harris Government Communications Systems Division will manufacture the MIDS LVT chassis and several critical electronic modules integral to the tactical radio system's operation.
The competitive award of MIDS LVT-2 demonstrates the continued success of the ViaSat/Harris team in this very important communications market," said Robert K.