Business / Finance / Bonds Enabling Annual Retirement Savings (BEARS): Holders of BEARS receive the face value of bonds underlying call option, which are exercised by CUBS (an acronym for Calls Underwritten by Swanbrook). If the calls are exercised by CUBS, BEARS holders receive the total of the exercise price.
Business / Finance / Nominal Annual Rate: An effective rate per period multiplied by the number of periods in a year. Same as annual percentage rate. MORE
Business / Finance / Normal Retirement: The age or number of working years after which a pension plan beneficiary can retire and receive unreduced benefits immediately. MORE
Business / Finance / Mutual Savings Bank: A state-chartered savings bank that is owned by its depositors and managed by a fiduciary board of trustees. MORE
Business / Real Estate / Municipal Bonds: Bonds issued to finance public improvements such as parks, schools and urban renewal projects. MORE
Business / Real Estate / Mello-Roos Bonds: Based on passage of the Mello-Roos Community Facilities Act of 1982, certain housing tracts may be within what are called community facilities districts where special taxes are assessed to finance des MORE