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A product's position is the way the product is defined by the retailers who sell it to target markets.It is how it is defined on important attributes of the place the product occupies in the retailers' minds relative to competing products.
Subordinated Debentures
Debentures that have claims on assets, in the event of bankruptcy, only after senior debt as named in the subordinated debt’s indenture has been paid off. Subordinated debentures may be subordinated to designated notes payable or to all other debt.
Coupon Rate
The annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity.
Second Mortgage Bonds
A type of bond secured by a second-priority claim on the collateral that has already been pledged for another bond.
Floating-Rate Debt
Debt securities with interest rates that reset periodically, based on a benchmark interest rate or index, thus providing protection against interest rate fluctuations.
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