SLOB


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Secured Lease Obligation Bond

A debt security that is secured by a lease on an asset. That is, the revenue the issuer obtains from the lease guarantees payment on the bond. It is important to note that only the lease (or a lease coupled with a lien on the asset) secures the bond. This is a common financing tool for electric companies building power stations.

SLOB

References in periodicals archive ?
This rule mandates that a SLOB have its own employee workforce, which is accomplished only if a minimum of 90 percent of its employees provide substantial services to that particular line of business.
However, each line of business must satisfy certain objective tests to qualify for SLOB treatment.
Employers who do not maintain section 401(k) plans, but wish to avail themselves of SLOB relief, face the burden of modifying their EDP systems and data-collection methods to monitor compensation as though a section 401(k) plan were in effect.
Why isn't this slob on a blacklist that would prevent him from getting housing subsidised at our expense in Birmingham or anywhere else in Britain?
414(r)-1(b)(iv)(D), an employer is not treated as operating qualified SLOBs unless each SLOB operated by the employer passes administrative scrutiny.
She really was a complete slob, no example for any of those kids - unless you happen to see Waynetta Slob as a role model.
Wouldn't the poor slob have to sign a pre-knucklehead agreement?
Andy, whose catchphrase 'Don't want that one - want THAT one' is now heard in schools, workplaces and shops across Britain, proves he is a sly slob but still game for a laugh.
The day before the reception, Shag was seen busting frontside rocks, lipslides, frontside airs, and slob fastplants in a prime Phoenix area backyard pool with the crew.
ACTOR Ricky Tomlinson, who plays slob Jim Royle in The Royle Family, is coming to Coventry to promote his autobiography.
You might be tempted to slob around to recharge your batteries, but doing lots of interesting stuff will make the weekend seem longer - you'll feel more energised and you'll feel that you've made the most of your time off.
It's easier to slob around but you'll feel so energized if you exercise that it won't be so hard to keep it up.