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Procter and Gamble (P&G), the world's largest maker of consumer goods and advertiser, has been worried about the financial hardship of America's middle class, which it believes will be long lasting. P&G's definition of middle class is households with annual income between $50,000 and $100,000, which amounts to 40% of the country's households.
Serial Bonds
Bonds issued under a single indenture at the same time, but which mature at different intervals, distributing the repayment over several years.
Early Bond Redemption
A financial process in which a bond issuer repays the principal amount of the bond before its maturity date, often resulting in penalties or fees.
Bond Redemption
The process of paying back the principal amount of a bond to the bondholders at or before maturity.
Warrants
Financial derivatives that give the holder the right, but not the obligation, to buy or sell a security at a specified price before a certain date.
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