Related Words

Single-Country Fund: A single put option or call option, as opposed to a spread or straddle, which involves multiple puts and calls.

Prerefunding: Prerefunding may occur when a corporation plans to redeem a callable bond before its maturity date. If that's the case, the bond is identified as a prerefunded bond. To prerefund, the issuer . . . View Full Definition

Prerefunded Bond: Refunded bond.

Prime Rate Fund: A mutual fund that buys portions of corporate loans from banks and pays the interest to shareholders.

Private Export Funding Corporation (PEFCO): Company that mobilizes private capital for financing the export of big-ticket items by U.S. firms by purchasing at fixed interest rates the medium- to long-term debt obligations of importers . . . View Full Definition

Plan Funding: The method that an employer or other payor or purchaser uses to pay medical benefit costs and administrative expenses.

Petty Cash Fund: A small amount of cash kept on hand for making miscellaneous payments.

Overfunded Pension Plan: A pension plan that has a positive surplus (i.e., assets exceed liabilities).

Pension Fund: A fund set up to pay the pension benefits of a company's workers after retirement.

Pension Funds: Pension funds usually have large amounts of money available for investment. Because of the comparatively high yields and low risks offered by mortgages, pension funds have begun to participa . . . View Full Definition