Purchase fund

(redirected from Purchase Funds)

Purchase fund

Resembles a sinking fund, except that money is used to purchase bonds only if they are selling below their par value.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Purchase Fund

A sinking fund where a company sets money aside to repurchase its own securities if their prices fall below par. If the prices fall below par value, the purchase fund enables the company effectively to redeem its securities at a discount. The purchase fund reduces the risk that the company will be unable to redeem its bonds when they mature.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
* Escrow agent - The certified law firm will be able to provide and act as an escrow agent, administering the escrow account for the payment of deposits or purchase funds.
Jogezai started doing rounds on electronic and print media on embezzlement in kidney centre Balochistan's heavy machinery purchase funds which, sources said, was in the final stage and a reference was soon to be filed by NAB against Dr.
QIBs are exempt from SEC registration requirement to purchase funds or securities locally or abroad.
In business since late 2011, Lawyer Checker's MD and qualified Property Solicitor Chris Harris saw a gap in the conveyancing market; theft of innocent people's purchase funds by sophisticated criminals was increasing and there was nothing out there that allowed for a conveyancer to comprehensively check where their client's hard earned cash and mortgage funds were going.
Only after a detailed analysis could it be established whether it may be in your interests to consolidate some or all of your money purchase funds. I recommend that you should discuss your situation with an Independent Financial Adviser as they will be able to guide you through this minefield.
There are a lot of smaller local authority museums that have larger purchase funds, but the city knows we have the PPGF." Adding a completely new museum devoted to international art created since 2000 would take the city into another league.
A If you are purchasing an empty property or a new property then you will be entitled to collect your keys and gain access to the property the moment your purchase funds arrive in the sellers' solicitors' bank account.
Each $399 purchase funds a second laptop that goes to a needy child in a developing country.
If they send money overseas, they generally pay a recognized margin or exchange rate at which they purchase funds in that country's currency.
Life planners of an insurance company will be allowed to solicit customers to purchase funds under the new measures.