Royalty Trust
What is a Royalty Trust? A royalty trust is a type of corporation that usually operates in the energy or resource mining industries and that has ownership rights to mineral deposits, wells, or reservoirs. The main purpose of royalty trusts is to distribute the generated resource sales income to shareholders. If the major...
Carbon Credits
What are Carbon Credits? Carbon credits, often referred to as carbon allowances, can be thought of as a unit of measurement; however, they have a “tradeable” component. Carbon credits are not the same as carbon offsets. Carbon credits only exist in jurisdictions that are governed by what’s called a “cap and trade” system (such as...
Average Annual Growth Rate
What is the Average Annual Growth Rate (AAGR)? The average annual growth rate (AAGR) is the average annual appreciation in the value of an investment asset, portfolio, or cash flow. It is determined by taking the numerical mean of specified or calculated year-on-year growth rates. The average annual growth rate is used for many fields...
Medium-Term Note (MTN)
What is a Medium-Term Note (MTN)? A medium-term note (MTN) usually refers to a note payable that comes with a maturity date that is within five to ten years. What is a Note? A note, or note payable, is a legal document that represents an amount owed from a borrower to a lender or investor....
Self-Regulatory Organization (SRO)
What is a Self-Regulatory Organization (SRO)? A Self-Regulatory Organization or SRO is an organization that is formed to regulate certain professions or industries. They are usually non-governmental organizations, established with the aim of creating rules to promote order among businesses and organizations. Self-Regulatory Organizations exist either in the absence of government regulation or...
