Brownfield Investment
What is a Brownfield Investment? In economics, a brownfield investment (BI) is a type of foreign direct investment (FDI) where a company invests in an existing facility to start its operations in the foreign country. In other words, a brownfield investment is the lease or purchase of a pre-existing facility in a foreign country. Understanding...
Normal Yield Curve
What is a Normal Yield Curve? A normal yield curve is a graph that shows the association between the yield on bonds and maturities. In a normal yield curve, short-term debt instruments with the same credit quality as long-term debt instruments provide higher yields than the latter, due to the unusual considerations to the time...
Normal-Course Issuer Bid (NCIB)
What is the Normal-Course Issuer Bid (NCIB)? Normal-Course Issuer Bid (NCIB) is a Canadian-based stock buyback program, where a listed public company repurchases its shares to cancel them. The publicly-traded company, under certain restrictions outlined in Policy 5.6, is only allowed to buy between 5% and 10% of its shares over 12 months, depending on...
Note
What is a Note? A note is a debt security that obligates issuers to repay the creditor the principal amount of the loan and any interest payments within a defined time frame. Individuals, companies, and even financial institutions may issue a note, and it allows them to obtain financing from any other source other than...
Variable Rate Demand Note (VRDN)
What is a Variable Rate Demand Note (VRDN)? A variable rate demand note (VRDN) is a long-term floating rate instrument. It carries an interest rate that accrues periodically in line with the current money markets. From the outset of the loan, the assigned interest rate is equal to the sum of unique money market funds...
