Capital Note

Capital Note

A short-term, corporate bond. A company issues a capital note in order to pay its short-term liabilities. Capital notes are unsecured and, in the event of liquidation, receive the lowest priority of all bonds (thought they still rank higher than preferred or common stock).
References in periodicals archive ?
The capital note proposal gives investors both an incentive to examine the fund and a mechanism for expressing their views.
5m convertible capital note early(C)1994-2003 M2 COMMUNICATIONS LTD http://www.
4bn) income note and capital note programmes of Centauri Corp.
Global Banking News-December 4, 2013--Metrobank's capital note issue delayed by regulators
It said that it is looking to raise the capital through the launch of new hybrid securities referred to as the Westpac Capital Notes 5.