A reference to the gross sales or revenues of a company, or an allusion to a course of action that increases or reduces revenues. The "top" reference relates to the fact that on a company's income statement, the first line at the top of the page is generally reserved for gross sales or revenue. A company that increases its revenues is said to be "growing its top line", or "generating top-line growth". This contrasts with net income (or net earnings per share), which is usually the bottom line of the company's income statement. Taobiz explains Top Line While there are number of different business models that have proved to be successful, every company is faced with the two simple goals of: 1. Growing revenues, or generating top-line growth 2. Growing net income, or generating bottom-line growth. Part of the reason why the term is used so often is that it clarifies minor nuances between the sources of revenue, whether it's from selling a product, collecting interest or servicing an account. "Top-line" is broad enough to include all of the company revenues into one category prior to calculating other income statement metrics such as operating profit and net income.
A security similar to debentures and preferreds that is generally longer term, has early redemption features, makes quarterly fixed interest payments, and matures at face value. |||TruPS have been created by companies for their favorable accounting treatments and flexibility. Specifically, these securities are taxed like debt obligations by the IRS while maintaining the appearance of equities in a company's accounting statements as according to GAAP procedures.
The intraday low trading price. In other words, this is the lowest price at which a stock traded during the course of the day. Taobiz explains Today's Low More often than not, this is lower than the closing price.
An agreement in the bond contract made between a bond issuer and a trustee that represents the bondholder's interests by highlighting the rules and responsibilities that each party must adhere to. It may also indicate where the income stream for the bond is derived from. Trust indentures may not be included in every bond contract, as some government bonds disclose similar information (the duties and rights of the issuer and bondholders) in a document called the bond resolution. |||One section of the trust indenture dictates the circumstances and processes surrounding a default. A bondholder should be aware of these situations because understanding the proper sequence of events will allow them to take the proper course of action if a default occurs.The section on the trustee's role is important as well, as it gives a clear indication of how unforeseen incidents will be dealt with. For example, if a conflict of interest comes up involving the trustee's role as a fiduciary, in certain trust indentures, the issue must be resolved within 90 days, otherwise a new trustee will be necessary.
The intraday high trading price. In other words, this is the highest price at which a stock traded during the course of the day. Taobiz explains Today's High More often than not this is higher than the closing price.
A law passed in 1939 that prohibits bond issues valued at over $5 million from being offered for sale without a formal written agreement (an indenture), signed by both the bond issuer and the bondholder, that fully discloses the particulars of the bond issue. The act also requires that a trustee be appointed for all bond issues, so that the rights of bondholders are not compromised. |||The Trust Indenture Act of 1939 was passed for the protection of bond investors. In the event that a bond issuer becomes insolvent, the appointed trustee may be given the right to seize the bond issuer's assets and sell them in order to recoup the bondholders' investments.
An exchange group that owns and operates several businesses involved in trading in Canada. The TMX Group, through its subsidiaries, operates derivative, energy, cash and equity trading facilities. The group also provides other financial services such as data products and clearing facilities. It is headquartered in Toronto, but has several offices throughout Canada. Taobiz explains TMX Group The Toronto Stock Exchange (TSX) is the most notable of TMX's subsidiaries. The group also includes the Montreal Exchange, the TSX Venture Exchange, Shorcan and NGX, among others. The TMX Group was previously known as the TSX Group before June 11, 2008, when the TMX name was officially approved by shareholders.
A slow-and-steady appreciation of financial market prices over time. A tortoise rally contrasts with more volatile rallies where prices rise and fall quickly while maintaining a general upward trend. Taobiz explains Tortoise Rally Long-term retail investors generally enjoy the steady gains produced by a tortoise rally. However, active traders and hedge funds can become frustrated by the lack of quick drops and rises that allow these players to capitalize on their superior information and market access. For them, volatility creates opportunities to buy underpriced securities for the long haul or to create short-term trading profits.