Negative pledge clause
A bond covenant that requires the borrower to grant lenders a lien equivalent to any liens that may be granted in the future to any other currently unsecured lenders.
Registrar
Financial institution appointed to record issue and ownership of company securities.
Underbanked
When an originating investment banker cannot find enough firms to underwrite a new issue.
Mark Berch:Filter
A rule that stipulates when a security should be bought or sold according to its price action.
Swiss Options and Financial Futures Exchange (SOFFEX)
The Swiss derivatives market with the first fully electronic trading system in the world, now called Eurex Zurich AG.
Leaseback
A transaction that involves the sales of some property, and an agreement by the seller to lease the property back from the buyer after the sale. Mark Berch
Normal annuity form
The manner in which retirement benefits are paid out.
