What Is a Euroyen Bond? Euroyen bond—a form of Eurobond—is a type of debt security that is denominated in Japanese yen but held outside of Japan. A Euroyen is issued by a non-Japanese company (outside of Japan) in order to attract non-Japanese investors who want exposure to the Japanese currency. Note that the Euro- prefix
What Is the Eurozone? The eurozone, officially known as the euro area, is a geographic and economic region that consists of all the European Union countries that have fully incorporated the euro as their national currency. As of 2022, the eurozone consists of 19 countries in the European Union (EU): Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece
What Is Economic Value Added (EVA)? Economic value added (EVA) is a measure of a company’s financial performance based on the residual wealth calculated by deducting its cost of capital from its operating profit, adjusted for taxes on a cash basis. EVA can also be referred to as economic profit, as it attempts to capture
What Is Enterprise Multiple? Enterprise multiple, also known as the EV multiple, is a ratio used to determine the value of a company. The enterprise multiple, which is enterprise value divided by earnings before interest, taxes, depreciation, and amortization (EBITDA), looks at a company the way a potential acquirer would by considering the company’s debt.
What Is an Evening Star? An evening star is a stock-price chart pattern used by technical analysts to detect when a trend is about to reverse. It is a bearish candlestick pattern consisting of three candles: a large white candlestick, a small-bodied candle, and a red candle. Evening star patterns are associated with the top
What Is Event of Default? An event of default is a predefined circumstance that allows a lender to demand full repayment of an outstanding balance before it is due. In many agreements, the lender will include a contract provision covering events of default to protect itself in case it appears that the borrower will not
What Is an Event Risk Broadly, event risk is the possibility that an unforeseen event will negatively affect a company, industry, or security causing a loss to investors or other stakeholders. While these events are typically unforeseen, the probability of certain events like corporate actions, credit events, or other hazards can still be hedged or
What Is an Event Study? An event study is an empirical analysis that examines the impact of a significant catalyst occurrence or contingent event on the value of a security, such as company stock. Event studies can reveal important information about how a security is likely to react to a given event. Examples of events
What Is an Evergreen Contract? An evergreen contract automatically renews on or after the expiry date. The parties involved in the contract agree that it rolls over automatically until one gives the notice to terminate it. Evergreen contracts are used for a number of different purposes including rental leases, purchasing contracts, and service agreements. Key Takeaways
What Is Evergreen Funding? Evergreen funding (or evergreen finance) is the gradual infusion of capital into a new or recapitalized enterprise. This type of funding differs from traditional funding, in which all the capital required for a business venture is supplied up front by venture capitalists or other investors as part of a private funding
