Notes face value

Similarly, the distinction between current and long-term liabihties is also not clear-cut. Current liabilities include accounts payable (money owed to creditors), taxes payable, dividends payable, etc., if due within a year. Long-term liabihties include deferred income taxes, bonds, notes, etc., that do not have to be paid within a year. The owners equity includes the par, or face, value of the capital received from stockholders and any retained earnings. The balance sheet shows only the nominal value and not the current or real value of this capital. 

Bonds are promissory notes that can be issued by corporations or governmental bodies. They are contracts in which the seller agrees to pay the owner the face value (called par value) of the bond at a certain date (maturity or due date) and a given amount of interest at various stated times. Bonds can be sold to individuals, but... 

The following section is our attempt to cull the best performance materials for each of the three primary colors, red, green, and blue, from the published literature. As noted above, we base these selections on the reported data and make no attempt to critically evaluate the quality of the experimental study, taking it at face value. Although this may be less than ideal,... 

It should be noted here that the high-temperature (kT > hv) forms of the expressions in these theories (40-43) and in others (48) predict that the rate will be proportional to 1//T for an activationless reaction (the exponential term containing the activation energy divided by kT will be unity). If taken at face value, these high-temperature (classical) expressions give an increase in rate of /3 =... 

Note that Dr. Paigen did not do this "study" at Roswell Park and it was outside her area of expertise. She is a biologist and not a toxicologist. There was no peer review and the "study" was taken at face value, further adding to the panic. 

The fact that refractory metals, with high heats of atomization ( 400 kJ mol-1), and a generally inert molecule such as CO are capable of uniting to form stable, molecular compounds must certainly be considered, at face value, surprising, especially when it is noted that the CO molecules remain as individuals in the resulting molecules. Moreover, it is known that the simple Lewis basicity (donor ability) of CO is negligible. However, the explanation lies in the multiple nature of the M—CO bond, for which there is much evidence, some of it semiquantitative. 

Overcollateralisation protection created by the contribution of excess collateral above and beyond the face value of notes for example, 250 million nominal of assets are contributed to secure 170 of CDO liabilities. 

The structure is achieved by XYZ effectively buying 5-year caps struck at 4.50% on five times the notional principal of the note issued. Eor example, if XYZ issued notes with a face value of 10 million, it would effectively buy interest rate caps from investors with a notional principal of 50 million. The up-front premium of 19 bp in this example, therefore, becomes geared up to 95 bp, equivalent to 20 bp p.a. This enables the investor to receive their enhanced coupon, but the geared payment from the caps sold means that investors return diminishes rapidly in any period where EURIBOR sets above 4.50%. 

The majority of bonds in the market are coupon bonds. As noted above, such bonds may be viewed as packages of individual strips. The strips corresponding to the coupon payments have face values that equal percentages of the nominal value of the bond itself, with successively longer maturity dates the strip corresponding to the final redemption payment has the face value and maturity date of the bond. 

Credit-linked notes are hybrid securities, generally issued by an investment-grade entity, that combine a credit derivative with a vanilla bond. Like a vanilla bond, a standard CLN has a fixed maturity structure and pays regular coupons. Unlike bonds, all CLNs, standard or not, link then-returns to an underlying asset s credit-related performance, as well as to the performance of the issuing entity. The issuer, for instance, is usually permitted to decrease the principal amount if a credit event occurs. Say a credit card issuer wants to fond its credit card loan portfolio by issuing debt. To reduce its credit risk, it floats a 2-year credit-linked note. The note has a face value of 100 and pays a coupon of 7.50 percent, which is 200 basis points above the 2-year benchmark. If more than 10 percent of its cardholders are delinquent in making payments, however, the note s redemption payment will be reduced to 85 for every 100 of face value. The credit card issuer has in effect purchased a credit option that lowers its liability should it suffer a specified credit event—in this case, an above-expected incidence of bad debts. 

The principal repayment is computed as in expression (12.4). Note that the redemption value of a TIPS is guaranteed by the Treasury to be a minimum of 100 percent of the face value. 

The preface and conclusion of the Shukuk quoted and discussed in Section 2.2 above leave unanswered a few questions concerning what the author endeavours to achieve in his book, especially as they should not readily be taken at face value, as noted. So we should hone in on our text, and try to assess the overall thrust and objectives of the criticisms it deploys against the Ishdrdt. What is al-Mas udi s agenda , so to speak And does this agenda have more in common with al-Ghazali s critical theology, or with Abu 1-Barakat s critical philosophy ... 

Non-interest-beanng securities are also referred to as discounted securities. Unlike regular corporate bonds, which pay periodic interest (i.e., pay a coupon), interest is earned on these bonds by their appreciation in price over time. That is, these securities originally sell for less than their maturity or face value. All other factors being constant, the price approaches the face value as the time to maturity approaches zero. Note that this is not the same thing as a coupon bond that is selling at a discount. 

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