Uncommitted credit facilities are short-term credit facilities which are subject to the discretion of both the borrower and the lender. That is, the lender has no obligation to extend credit to the borrower, and the borrower has no obligation to borrow from the facility and can terminate it at any time.
To underwrite is to assume financial risk in exchange for a fee, typically by agreeing to cover potential losses or provide funding in certain transactions. The term applies across a range of financial sectors and generally refers to the process of evaluating, pricing, and assuming risk with the expectation of earning a return.
Unearned income is money received from sources other than employment or business activities, such as interest, dividends, capital gains, or any income not
The Volcker Rule refers to a broad set of rules adopted under Dodd-Frank Title VI that attempts to reduce risk within banking institutions, stemming from mixing investment banking and commercial banking. The Volcker Rule consists of two major parts: rule preventing banking institutions from partaking in proprietary trading from their own funds and limiting banking institutions from investing in hedge funds or private equity funds.
Wage attachment, also known as wage garnishment, is a court order by which the court attaches debtors' wages to help pay their creditors by directly tr
The waiting period is the stage in the initial public offering (IPO) process after the issuer files their registration statement with the Securities and Exchange Commission (SEC) and waits for the SEC to declare their registration statement effective.
Well-known seasoned issuer (WKSI) is a category of issuer which allows greater flexibility in accessing U.S. public markets.
For an issuer to qualify as a WKSI, they must satisfy the three requirements of SEC Rule 405:
Wildcard exemption is one of a few exemptions the Federal government and state governments allow in bankruptcy that protects some of the debtor’s personal assets from creditors.
