STAIRS

(redirected from stairway)
Also found in: Dictionary, Thesaurus, Medical, Acronyms, Encyclopedia, Wikipedia.

STAIRS

A convertible municipal bond. STAIRS are zero-coupon bonds that may be converted into interest-bearing bonds. Zero-coupon bonds are sold at a discount, and, because they do not pay interest, they are more volatile in the secondary market. A bondholder may thus wish to convert STAIRS to interest-bearing bonds in order to lock in a certain return. On the other hand, more risk tolerant bondholders may wish to hold the bond in the belief that a fluctuation in interest rates will make the bond more valuable. Like all municipal bonds, STAIRS are exempt from federal taxes. They are also called municipal convertibles.
References in periodicals archive ?
The landlord's employees negligently shoveled ice and snow from the entrance and stairway leaving more than half still covered; and
The package of initiatives will promote active design through measures such as making stairways more visible to encourage use, creating more inviting streetscapes for pedestrians and bicyclists and designing spaces suitable for physical activity for people of different ages, interests and abilities.
For example, the Capitol Area Wellness Coalition began a stairway pilot program in five buildings for four employers in Concord last November: Concord Regional Visiting Nurse Association; the offices in the Smile Building on South Main Street; Northeast Delta Dental; and the Department of Health and Human Services offices in the Brown Building on Pleasant Street.
According to Abu Dhabi Police, the serial rapist's modus operandi would see him hunt for women after midnight and then follow them to their residential building elevators: "In the elevators, he, with a knife, used to threaten and beat them badly before taking them to the stairways.
The results thus far from the drilling and logging of Surprise-1 are such that a horizontal wellbore test of the Lower Stairway Sandstone is considered appropriate" said Mr John Heugh, the Managing Director this morning.
Like its river, Los Angeles' stairways are not well known.
Humidity and lack of a litter removal has created an environment where fungi, lichen and plants thrive underneath the wooden floorboards placed atop the Persepolis stone stairways, Mehr News reported Sunday.
Before I head up to Grand View Park, Bakalinsky escorts me to one of the citys most famous stairways, a mosaic-tiled beauty on Moraga Street featured on the cover of Stairway Walks in San Francisco, which will see its seventh edition in November.
The song, first released in 1971, which talks about a stairway inspired by a trail up a Welsh mountainside, has been named as the nation's favourite in a poll by digital station Absolute Classic Rock.
Led Zeppelin's Stairway To Heaven, first released in 1971, was one of three Led Zep tracks that made the top 10 in a poll by digital station Absolute Classic Rock.
Next to the main altar in the nave is a stairway leading down to the two side altars and a small crypt-style room.
Following a preface (vii), this volume includes the following introductory material: Antonio Buero-Vallejo: His Life and Times (1-16), commentary on Story of a Stairway (17-19), commentary on Before Dawn (20-21), commentary on The Basement Window (22-26), and commentary on Mission to the Deserted Village" (27-32).