TERMIUM Plus®

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EXPLODING RATE [1 record]

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Record 1 1996-02-28

English

Subject field(s)
  • Loans
  • Translation (General)
CONT

Examples of Unacceptable Features Examples of preferred share features that will not be acceptable in tier l capital are: an exploding rate preferred share, where the dividend rate is fixed or floating for a period and then sharply increases to an uneconomically high level ... [Office of the Superintendent of Financial Institutions].

French

Domaine(s)
  • Prêts et emprunts
  • Traduction (Généralités)
CONT

Voici des exemples de caractéristiques d'actions privilégiées qui ne sont pas acceptables pour les fonds propres de catégorie 1: une action privilégiée dont le taux augmente de façon excessive, lorsque le taux de dividende est fixe ou flottant pendant un certain temps puis augmente brusquement à un niveau inacceptable [...] [Bureau du surintendant des institutions financières].

Spanish

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