What Is a Bond Trustee? A bond trustee is a financial institution that is granted trust powers, such as a commercial bank or trust company. This entity, in turn, has a fiduciary duty to the bond issuer to enforce the terms of a bond indenture. A trustee sees that bond interest payments and principal repayments
What is a Bond Violation A bond violation is a breach of the covenants of a bond. A bond covenant is a legally binding term of the agreement between a bond issuer and a bondholder. Bond covenants are designed to protect the interests of both parties. The inclusion of the covenant is in the bond’s indenture
What Is a Bonus? A bonus is a financial compensation that is above and beyond the normal payment expectations of its recipient. Companies may award bonuses to both entry-level employees and to senior-level executives. While bonuses are traditionally given to exceptional workers, employers sometimes dole out bonuses company-wide to stave off jealousy among staffers. Bonuses
What Is Bonus Depreciation? Bonus depreciation is a tax incentive that allows a business to immediately deduct a large percentage of the purchase price of eligible assets, such as machinery, rather than write them off over the “useful life” of that asset. Bonus depreciation is also known as the additional first-year depreciation deduction. Key Takeaways
What is a Bonus Issue? A bonus issue, also known as a scrip issue or a capitalization issue, is an offer of free additional shares to existing shareholders. A company may decide to distribute further shares as an alternative to increasing the dividend payout. For example, a company may give one bonus share for every
What is Book Building? Book building is the process by which an underwriter attempts to determine the price at which an initial public offering (IPO) will be offered. An underwriter, normally an investment bank, builds a book by inviting institutional investors (such as fund managers and others) to submit bids for the number of shares
What Is Book Closure? Book closure is a time period during which a company will not handle adjustments to the shareholder register or requests to transfer shares. Companies will often use the book closure date to identify the cut-off date for determining which investors on record will receive a dividend payment for that period. Key
What Is a Bookie? A bookie, short or slang for “bookmaker,” is someone who facilitates gambling, most commonly on sporting events. A bookie sets odds, accepts and places bets, and pays out winnings on behalf of other people. Key Takeaways The term “bookie“ is slang for “bookmaker.“A bookie places bets for customers, usually on sporting
Red cabbage and carrot coleslaw The red cabbage is beautiful on the plate and in the garden. Red cabbage pickles better than green cabbage. It is stout and pungent. The Germans sometimes call red cabbage Red Kraut. Red Cabbage Serving Suggestions Red cabbage leaves are generally thicker than green or Savoy cabbages and not
Red cabbage is particularly well matched to apples, red wine, and vinegar. The red cabbage leaf lacks the delicate flavor of the savoy cabbage. Rather it has a hearty, full flavor that stands up well to equally full-flavored foods. The red cabbage is ready for harvest when its head is firm and unyielding. It is
