Deficiency Agreement
An agreement that calls on the sponsor or another party to provide the shortfall when cash flow, working capital, or revenues are below agreed levels or are insufficient to meet debt service.
Cabinet security
A stock or bond listed on a major exchange with low daily tradedvolume.
Naked option strategies
An unhedgedstrategy making exclusive use of one of the following: Shortcallstrategy (selling or writing call options), and short put strategy (selling or writing put options). By themselves, these positions are called naked strategies because they do not involve an offsetting or risk-reducing position in another option or the underlying security. Related: Covered option strategies. Antithesis of covered option.
Mark Berch:Lending agreement
A contract regarding funds transferred between a lender and a borrower.
Cashbook
An accounting book that is composed of cash receipts plus disbursements. This balance is posted to the cash account in the ledger.
Second-preferred stock
Preferred stockissue that has less priority in claiming dividends and assets in liquidation than another issue of preferred stock. Mark Berch
Equity multiplier
Total assets divided by total commonstockholders' equity; the total assets per dollar of stockholders' equity.
