Paper
Money marketinstruments, commercial paper, and other.
Perpetual warrants
Warrants that have no expiration date.
Reset bonds
Bonds that allow the initial interest rates to be adjusted on specific dates in order that the bondstrade at the value they had when they were issued.
Mark Berch:Lemons problem
Named after 2001 Nobel Laureate George Akerlof's 1970 paper "The Market for Lemons". His original example had to do with used cars. Why does the seller want to get rid of the car? It might be a lemon. The buyer and seller have asymmetric information. Hence, the buyer will demand a deep discount on the car because of the possibility it is a lemon.
Credit Rating Agencies
Firms that compile information on and issuepubliccredit ratings for a large number of companies.
Income exclusion rule
The IRS rule that excludes certain types of income from taxation, e.g., welfare payments. Mark Berch
Upside potential
The amount by which analysts or investors expect the price of a security may increase.
