What Is a Mandatory Convertible? A mandatory convertible is a type of convertible bond that has a required conversion or redemption feature, rather than the convertible feature being an option. For these bonds, either on or before a contractual conversion date, the holder must convert the mandatory convertible into the underlying common stock. Key Takeaways
What Is a Mandatory Redemption Schedule? A mandatory redemption schedule requires the issuer set aside funds to redeem all, or a portion, of the outstanding bonds by the scheduled dates, which always precedes the maturity date. Key Takeaways Mandatory redemption schedules mandate a bond issuer to redeem all or part of the outstanding bonds by
What Are Mandatorily Redeemable Shares? Mandatorily redeemable shares are shares owned by an individual or entity which are required to be redeemed for cash or another such property at a stated time or following a specific event. Essentially, they are shares with a built-in call option that will be exercised by the issuer at a
What Is a Manifestation Trigger? In the insurance industry, the term “manifestation trigger” refers to the moment in time in which the policyholder becomes aware of a reason for filing a claim. For example, in the case of home insurance, the manifestation trigger might be when the policyholder discovers that their property was damaged. Oftentimes
What Is a Manifest Variable? A manifest variable is a variable or factor that can be directly measured or observed. It is the opposite of a latent variable, which is a factor that cannot be directly observed, and which needs a manifest variable assigned to it as an indicator to test whether it is present.
What Is Manipulation? Market manipulation is conduct designed to deceive investors by controlling or artificially affecting the price of securities. Manipulation is illegal in most cases, but it can be difficult for regulators and other authorities to detect and prove. Market manipulation may involve factually false statements as well, but it always seeks to influence
What Is a Manual Trader? A manual trader enters trades into a trading system without using computerized algorithms that enable automated order entry. In the frenetic world of trading, manual traders may be at a disadvantage compared to traders who use considerable computing power to exploit pricing anomalies in the markets. Also, manual traders may be
What Is a Manufactured Payment? In finance, the term “manufactured payment” refers to a payment that must be made in relation to certain securities lending arrangements. Manufactured payments are a common feature of short selling, in which a borrower receives title to shares and must pay interest and/or dividend payments to the lender of those securities.
What Is Manufacturing? The term manufacturing refers to the processing of raw materials or parts into finished goods through the use of tools, human labor, machinery, and chemical processing. Manufacturing allows businesses to sell finished products at a higher cost than the value of the raw materials used. Large-scale manufacturing allows for goods to be
What Is a Manufacturing Cell? Manufacturing cells are sets of machines that are grouped by the products or parts that they produce. This type of system is used in the cellular manufacturing concept and is distinct from the traditional functional manufacturing system, which groups all similar machines together. Manufacturing cells are generally used to increase
