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Finance

Bearer bond

A bearer bond or bearer note is a bond or debt security issued by a government or a business entity such as a corporation. As a bearer instrument, it differs from the more common types of investment securities in that it is unregistered—no records are kept of the owner or the transactions involving ownership. Whoever physically holds the paper on which the bond is issued — the "bearer"—

Securities & exchanges

Bearer instrument

A bearer instrument is a document that entitles the holder of the document to rights of ownership or title to the underlying property. In the case of shares (bearer shares) or bonds (bearer bonds), they are called bearer certificates. Unlike normal registered instruments, no record is kept of who owns bearer instruments or of transactions involving transfer of ownership, enabling the own

Finance

Bond (finance)

In finance, a bond is a type of security under which the issuer (debtor) owes the holder (creditor) a debt, and is obliged – depending on the terms – to provide cash flow to the creditor; which usually consists of repaying the principal (the amount borrowed) of the bond at the maturity date, as well as interest (called the coupon) over a specified amount of time. The timing and the amoun

Trading basics

Carte orange

The Carte Orange was a multiple trip ticket for public transport in Paris, introduced in 1975 and discontinued in 2009. It was replaced by the Week Ticket and the Month Ticket, both of which require a Navigo card. The new Week Ticket allows trips on the Metro, Transilien, RER, Bus, Tram, Funicular and Cable networks in all zones, including access to airports. The new Month Ticket allows

Finance

Eurobond (external bond)

A eurobond is an international bond that is denominated in a currency not native to the country where it is issued. They are also called external bonds. They are usually categorised according to the currency in which they are issued: eurodollar, euroyen, euroeuro and so on. The name became somewhat misleading with the advent of the euro currency in 1999; eurobonds were created in the 19

Trading basics

General Instrument

General Instrument (GI) was an American electronics manufacturer based in Horsham, Pennsylvania, specializing in semiconductors and cable television equipment. They formed in New York City in 1923 as an electronics manufacturer. During the 1950s, the company began a series of acquisitions under the direction of Moses Shapiro. Among the more notable purchases was General Transistor in 196

Banking

Heat (1995 film)

Heat is a 1995 American epic crime drama film written and directed by Michael Mann and starring Al Pacino, Robert De Niro, Tom Sizemore, Diane Venora, Amy Brenneman, Ashley Judd, Mykelti Williamson, Wes Studi, Ted Levine, Jon Voight, and Val Kilmer. In the film, LAPD detective Vincent Hanna (Pacino) attempts to apprehend career thief Neil McCauley (De Niro), leading to strain on their p

Finance

Pension buyout

A pension buyout is the transfer of some or all pension scheme liabilities to an insurance company, usually by paying a premium so that the insurer becomes responsible for the covered benefits. It is used mainly for defined benefit pension schemes as a form of pension risk transfer. A buyout may cover all members of a scheme, after which the scheme is expected to wind up, or it may follo

Trading basics

Public transport fares in the Île-de-France

Public transport fares in the Île-de-France are determined by Île-de-France Mobilités, the regional autorité organisatrice de transports ("Regional Transport Organisational Authority"). The authority sells a variety of fare types. Single use tickets are intended for infrequent travellers whilst multiple use passes are intended for frequent travellers. Fares can be validated with a Bank c

Securities & exchanges

Stock certificate

In corporate law, a stock certificate (also known as certificate of stock or share certificate) is a legal document that certifies the legal interest (a bundle of several legal rights) of ownership of a specific number of shares (or, under Article 8 of the Uniform Commercial Code in the United States, a securities entitlement or pro rata share of a fungible bulk) or stock in a corporatio

Banking

UBS tax evasion controversies

The Swiss investment bank and financial services company, UBS Group AG, has been at the center of numerous tax evasion and avoidance investigations undertaken by U.S., French, German, Israeli, and Belgian tax authorities as a consequence of their strict banking secrecy practices.

Trading basics

United States Treasury security

United States Treasury securities, also called Treasuries or Treasurys, are government debt instruments issued by the United States Department of the Treasury to finance government spending as a supplement to taxation. Since 2012, the U.S. government debt has been managed by the Bureau of the Fiscal Service, succeeding the Bureau of the Public Debt.