imported>Doug Williamson |
imported>Doug Williamson |
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| 1. ''International law - treaties.''
| | A term used to describe a financial instrument which displays characteristics of both debt and equity. |
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| A treaty between states, especially a multilateral treaty.
| | Such instruments might be designed to be an intermediate (or mezzanine) category of capital between equity and debt, or to have some of the risk absorbing characteristics of equity and, ideally, the tax efficiency of debt. |
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| Examples include the OECD model tax convention.
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| 2. ''Constitutional law - unwritten parts.''
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| Parts of the rules and practices of a state that are not written down, but are followed as if they were.
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| 3. ''Ethics - law - regulation - markets.''
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| Conventions are standards and principles of conduct that are additional to compliance with regulations and law.
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| For example, the ACT's Ethical Code requires the ACT's members to comply with "the laws, regulations and conventions of the countries and markets in which they transact business..."
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| 4. ''Markets - professional practice.''
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| A generally understood and accepted method of doing or saying something.
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| For example the ACT/360 day count convention for many major currencies, used to calculate short-term interest payable and receivable.
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| Another example is the ''dual aspect convention'' - or ''double entry'' principle - in bookkeeping, that every accounting transaction affects two accounts.
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| == See also == | | == See also == |
| * [[ACT/360]] | | * [[Convertible debt]] |
| * [[ACT Ethical Code]] | | * [[Mezzanine]] |
| * [[Account]] | | * [[Warrant]] |
| * [[Bookkeeping]]
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| * [[Compliance]]
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| * [[Conventional year]]
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| * [[Double entry]]
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| * [[Ethics]]
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| * [[Law]]
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| * [[Multilateral]]
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| * [[OECD model tax convention]]
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| * [[Organisation for Economic Co-operation and Development]] (OECD))
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| * [[Regulation]]
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| * [[Sign convention]]
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| * [[State]]
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| * [[Treaty]]
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| * [[United Nations Framework Convention on Climate Change]] (UNFCCC)
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| [[Category:Accounting,_tax_and_regulation]]
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| [[Category:The_business_context]]
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| [[Category:Corporate_finance]]
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| [[Category:Investment]]
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| [[Category:Long_term_funding]] | | [[Category:Long_term_funding]] |
| [[Category:Identify_and_assess_risks]]
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| [[Category:Manage_risks]]
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| [[Category:Risk_frameworks]]
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| [[Category:Risk_reporting]]
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A term used to describe a financial instrument which displays characteristics of both debt and equity.
Such instruments might be designed to be an intermediate (or mezzanine) category of capital between equity and debt, or to have some of the risk absorbing characteristics of equity and, ideally, the tax efficiency of debt.
See also
