What Is a Refunded Bond? Refunded bonds, which are a subset of the municipal and corporate bond classes, are bonds that have their principal cash amount already held aside by the original issuer of the debt. This is often accomplished through the use of a sinking fund, an account a firm uses to set aside
What Is Refunding? In corporate finance and capital markets, refunding is the process where a fixed-income issuer retires some of their outstanding callable bonds and replaces them with new bonds, usually at more favorable terms to the issuer as to reduce financing costs. The new bonds are used to create a sinking fund to repay
What Is the Regional Comprehensive Economic Partnership (RCEP)? The Regional Comprehensive Economic Partnership (RCEP) is a free trade agreement (FTA) that will create the world’s largest trading bloc and mark a significant achievement for China as it battles the U.S. for influence and economic supremacy in the Asia-Pacific region. The 15 Asia-Pacific nations, representing nearly
What Is a Regional Fund? A regional fund is a mutual fund run by managers who invest in securities from a specified geographical area, such as Latin America, Europe, or Asia. A regional mutual fund typically owns a diversified portfolio of companies based in and operating out of its specified geographical area. However, some regional funds
What Is a Regional Stock Exchange? A regional stock exchange is a stock exchange that is located in a region outside that country’s primary financial center. Often, companies that cannot meet the strict listing requirements of a national exchange may qualify for a listing on a regional exchange, though a company that qualifies to be on
What Is Register? Register has several different definitions. In finance, the term often pertains to the recording of a financial event, an aggregation of stored data, or a record of charges. Understanding Register While the word “register” can convey many different meanings, in the finance industry, it usually refers to the process of inputting information
What Is a Registered Principal? The term registered principal refers to a licensed securities dealer empowered to oversee operational, compliance, trading, and sales personnel. Put simply, a registered principal is someone who holds a position in management in a securities or investment company. A registered principal must hold a principal license and since they also
What Is a Registered Representative (RR) A registered representative (RR) is a person who works for a client-facing financial firm such as a brokerage company and serves as a representative for clients who are trading investment products and securities. Registered representatives may be employed as brokers, financial advisors, or portfolio managers. Registered representatives must pass licensing tests
What Is a Registrar? A registrar is an institution, often a bank or trust company, responsible for keeping records of bondholders and shareholders after an issuer offers securities to the public. When an issuer needs to make an interest payment on a bond or a dividend payment to shareholders, the firm refers to the list
What Is a Regression? Regression is a statistical method used in finance, investing, and other disciplines that attempts to determine the strength and character of the relationship between one dependent variable (usually denoted by Y) and a series of other variables (known as independent variables). Also called simple regression or ordinary least squares (OLS), linear
