If the reference bond performs without default, the protection buyer pays quarterly payments to the seller until maturity If the reference bond defaults, the protection seller pays par value of the bond to the buyer, and the buyer transfers ownership of t
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Quantitative easing (QE) is an unconventional monetary policy used by central banks to stimulate the economy when standard monetary policy has become ineffective.[1][2][3] A central bank implements quantitative easing by buying specified amounts of long t
Continue reading >>On-balance sheet financing is any form of direct debt or equity funding of a firm. If the funding is equity, it appears on the firm's balance sheet as owners equity. If it is debt, it appears on the balance sheet as a liability. Any asset the firm acquire
Continue reading >>New York Life Insurance Company (NYLIC) is the largest mutual life-insurance company in the United States, and one of the largest life insurers in the world, ranking #89 on the 2013 Fortune 500 list,[1] with about $381 billion in total assets under manage
Continue reading >>The United States public debt is the amount owed by the federal government of the United States. The measure of the public debt is the value of the Treasury securities that have been issued by the Treasury and other federal government agencies[which?] and
Continue reading >>A mortgage loan is a loan secured by real property through the use of a mortgage note which evidences the existence of the loan and the encumbrance of that realty through the granting of a mortgage which secures the loan. However, the word mortgage alone,
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