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They are in default on $45.2 million in unsecured notes owed to the life insurance company.
Financial and business terms. 2012.
Unsecured Note — A loan that is not secured by the issuer s assets. Unsecured notes are similar to debentures but offer a higher rate of return with less security than a debenture.Such notes are also often uninsured and subordinated. The note is structured for a… … Investment dictionary
structured notes — The broad, regulatory definition of this term is debt securities whose cash flow characteristics ( coupon, redemption amount, or stated maturity) depend upon one or more indices and/or that have embedded forwards or options. For example, since… … Financial and business terms
Exchange Traded Notes - ETN — A type of unsecured, unsubordinated debt security that was first issued by Barclays Bank PLC. This type of debt security differs from other types of bonds and notes because ETN returns are based upon the performance of a market index minus… … Investment dictionary
Public Income Notes - PINES — An unsecured, unsubordinated debenture issued by a public company. PINES trade on a stock exchange but also bear interest. These types of securities are in that gray area between bonds and preferred stock … Investment dictionary
Note — Debt instruments with initial maturities greater than one year and less than 10 years. The New York Times Financial Glossary * * * ▪ I. note note 1 [nəʊt ǁ noʊt] noun 1. [countable] BANKING a piece of printed paper that is used as money; … Financial and business terms
note — debt instruments with initial maturities ( maturity) longer than one year and shorter than 10 years. Bloomberg Financial Dictionary * * * ▪ I. note note 1 [nəʊt ǁ noʊt] noun 1. [countable] BANKING a piece of printed paper that is … Financial and business terms
ACE Limited — Type Public (NYSE: ACE) S P 500 Component Industry … Wikipedia
Nairobi Stock Exchange — The Nairobi Stock Exchange (NSE) is the principal stock exchange of Kenya. It began in 1954 as an oversees stock exchange while Kenya was still a British colony with permission of the London Stock Exchange. The NSE is a member of the African… … Wikipedia
Note — A financial security that generally has a longer term than a bill, but a shorter term than a bond. However, the duration of a note can vary significantly, and may not always fall neatly into this categorization. Notes are similar to bonds in that … Investment dictionary
E-Trade — Infobox Company name = E*TRADE FINANCIAL Corporation type = Public (NASDAQ|ETFC) slogan = Be E*traordinary (pronounced as extraordinary ) foundation = Palo Alto, California (1982) location = New York City, USA key people = Donald H. Layton, CEO… … Wikipedia
