Corporation bonds have many classes, differing widely on their value as securities
Corporation bonds have many classes, differing widely on their value as securities. Only a few from more important classes can be mentioned here. The first mortgages make, as the name means, the first mortgaging deduction on the company property, letting out them. It is important in an estimation, that value of such securities knows, whether whether they only include the corporation property when bonds have been let out or formulated they so to include all property belonging or got my God [265] poration. The second and third mortgages - the second and third mortgaging deduction. Interest for second and third
Mortgages are paid only after interest after the first mortgages is satisfied.
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