Freddie Mac
What is Freddie Mac? Freddie Mac is the unofficial title for the Federal Home Loan Mortgage Corporation, a federally-backed government-sponsored enterprise created in 1970 to broaden the secondary mortgage market and deflate interest rate risk for banks. According to its charter, Freddie Mac “establishes secondary market facilities for residential mortgages [and] provides that the operations...
Follow-On Offering
What is a Follow-On Offering? A follow-on offering (FPO) is when a public company issues more shares after their initial public offering (IPO). It happens when the company wants to raise more capital by giving out additional shares to finance projects, pay their debt, or make acquisitions. When a company is issuing a follow-on offering,...
Harry Markowitz
Who is Harry Markowitz? Harry Markowitz is an American economist and creator of the influential Modern Portfolio Theory (MPT) still widely used today. Harry Markowitz Biography Harry Markowitz was born in Chicago, Illinois, on August 24, 1927. After completing his bachelor’s in philosophy at the University of Chicago, Markowitz returned to the university for a...
Hang Seng Index (HSI)
What is the Hang Seng Index (HSI)? The Hang Seng Index (HSI) is a stock market index in Hong Kong. It records and monitors the daily changes in stock prices of the 50 largest Hong Kong stock market companies. As companies on the Hong Kong Stock Exchange account for almost 60% of the Hang Seng Index, the...
Hard Call Protection
What is Hard Call Protection? Hard call protection, also known as absolute call protection, is a requirement in a callable bond where the issuer does not have the ability to exercise the call before the specified date in the agreement. A callable bond is a type of bond where the issuer is allowed to redeem...
