Purpose – Page 24 – itho's internet resources

Understanding Collateralized Loan Obligations: Structure, Benefits, Risks

By Itho November 19, 2003

[ad_1] What Is a Collateralized Loan Obligation (CLO)? Collateralized loan obligations (CLOs) are structured securities that bundle a pool of lower-rated corporate loans and sell them to investors in tranches.…

Elevator Pitch Guide: Definition, Uses & Examples

By Itho November 19, 2003

[ad_1] What Is an Elevator Pitch? An elevator pitch is a concise, 30- to 60-second speech that captures the essence of an idea, product, or project. Its purpose is to…

Alternative Minimum Tax (AMT) Definition, How It Works

By Itho November 19, 2003

[ad_1] What Is the Alternative Minimum Tax? An alternative minimum tax (AMT) places a floor on the percentage of taxes that a filer must pay to the government, no matter…

Annual General Meeting (AGM): Definition and Purpose

By Itho November 19, 2003

[ad_1] What Is an Annual General Meeting (AGM)? An annual general meeting (AGM) is a yearly gathering of a company's interested shareholders. At an AGM, the directors of the company…

Understanding Back Stop in Offerings: Definition, Mechanism, and Example

By Itho November 19, 2003

[ad_1] What Is a Back Stop? In a securities offering, a back stop (or backstop) is a last-resort support or bid for the unsubscribed portion of shares. When a company…

Employee Retirement Income Security Act (ERISA) History, Purpose

By Itho November 19, 2003

[ad_1] What Is the Employee Retirement Income Security Act (ERISA)? The Employee Retirement Income Security Act (ERISA) is a federal law that protects the retirement assets of American workers. The…