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Encumbered
| Глоссарий экономических терминов |
A property owned by one party on which a second party reserves the right to make a valid claim, e.g., a bank`s holding of a home mortgage encumbers property.
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Reverse stock split, английский
A proportionate decrease in the number of shares, but not the total value of shares of stock held by shareholders. shareholders maintain the same percentage of equity as before the split. for example, a 1-for-3 split would result in stockholders owning one share for every three shares owned before the split. after the reverse split, the firm`s stock price is, in this example, three times the pre-reverse split price. a firm generally institutes a reverse split to boost its stock`s market price. some think this supposedly attracts investors.
Positive convexity, английский
A property of option-free bonds that the price appreciation for a large downward change in interest rates will be greater (in absolute terms) than the price depreciation for the same downward change in interest rates.
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