| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 3,589,676,480 visitors served. |
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
VRDB |
Also found in: Acronyms | 0.03 sec. |
|
|
VRDB Variable-Rate Demand Note A debt security that a holder may require the issuer to redeem before maturity. When this occurs, the issuer must pay par to the holder, and the holder loses any future coupon payments that he/she might otherwise have been due. An advantage to a variable-rate demand note from the holder's standpoint is the fact that the holder may reinvest the par value in a new bond in a time of rising interest rates. This protects the holder from certain types of interest rate risk. Variable-rate demand notes come in two main forms. The first allows the holder to demand redemption on any of several days throughout the life of the bond, while the second only allows this on one particular day. Variable rate demand notes are also known as variable rate demand obligations, option tender bonds, or put bonds. In Canada, the most common term is a retractable bond. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
|
| Mentioned in | ? | References in periodicals archive | ? | Financial browser | ? | Full browser | ? | |||
|---|---|---|---|---|---|---|---|---|---|---|
5 billion equated to 218 days cash on hand and 147% cash-to-pro-forma debt (adjusted to reflect long-term intent of VRDB securities classified as short-term debt and included in current liabilities), both above Fitch's 'AA' rated medians. Fitch also notes that as part of the VRDB structure Virtua may be required to fund VRDB tender requirements if remarketing proceeds and LOC draws are insufficient. Fitch notes that although BHS is expected to fund VRDB tender requirements if remarketing proceeds and LOC draws are insufficient, the incremental risk is minimal given the LOC bank's current ratings. |
VRDB |
VRCBVI VRCC VRCCC VRCD Vrce VRCFA VRCG VRCH Vrchlicky, Jaroslav Vrchlicky, Jaroslav Vrchlický, Jaroslav Vrchlický, Jaroslav VRCHR VRCI VRCIA VRCIM VRCLSM VRCM VRCMS VRCP VRCR VRCS VRCT VRCV VRD Vrda VRDB VRDBsVRDC VRDCA VRDD VRDDO VRDE VRDI VRDK VRDL VRDL-CF VRDN VRDO VRDP VRDS VRDT VRDTCA VRE VRE VRE (Vancomycin-Resistant Enterococcus) VREA VREAL vreb VREBR VREC vRED | ||||||||
| Financial Dictionary |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|---|