公司理财第五版高等院校双语教材·金融系列-chapter-13(ppt-36页)英文.pptVIP

Maturity Funded debt is any debt repayable more than 1 year from the date of issue, is described as long-term Debt due in less than a year is termed unfunded and is carried on the balance sheet as a current liability, is often described as short-term debt COPYRIGHT?ZHULI * Repayment provisions Sinking fund: fund established to retire debt before maturity Each year the firm puts aside a sum of cash into a sinking fund that is then used to buy back the bonds. Then there is a sinking fund, investors are prepared to lend at a lower rate of interest Callable bond: bond that may be repurchased by