ASSET MANAGEMENT RATIO Definition

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ASSET MANAGEMENT RATIO shows how effectively the firm manages its assets.

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FLOATING RATE CONVERTIBLE NOTE (FRCN) is a debt instrument that is a short-term debt obligation where the interest rate is variable because it is linked to a market rate such as the 3-month T-bill rate or London Interbank Offer Rate (LIBOR), and conditionally allows for the note to be exercised into the security of the debtor in accordance with the conditions set forth in the debt instrument.

GNMA MIDGETS are GNMA bonds secured by mortgages with a stated maturity of 15 years.

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