TERMIUM Plus^®

Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 CONT

Preferred dividends are not obligatory, as is bond interest, but must be declared by the Board of Directors.  3, record 1, English, - bond%20interest

Record number: 1, Textual support number: 1 OBS

Bond interest : expression used on the federal income tax return T1 forms.  4, record 1, English, - bond%20interest

Record 1,  Textual support,  French

Record number: 1, Textual support number: 1 OBS

Intérêt obligataire, intérêt sur obligations : expressions tirées des déclarations d'impôt T1 au niveau fédéral.  4, record 1, French, - int%C3%A9r%C3%AAt%20obligataire

Record 1,  Textual support,  Spanish

Record 2,  Textual support,  English

Record number: 2, Textual support number: 1 DEF

A share that is similar to a preferred share, except that its price fluctuates very little, since dividends are fixed at about 65 to 75 per cent of the prime interest rate. Consequently, a floating-rate preferred share has the appearance of a bond, but from the point of view of the shareholders, the income generated from such shares is not declared as interest income(as in the case of a bond) but rather as a dividend that entitles the holder to a dividend tax credit.  3, record 2, English, - adjustable%20rate%20preferred%20stock

Record number: 2, Textual support number: 1 OBS

The correct French equivalent is "action" in this context because "stock" and "share" are used interchangeably as a singular noun. However, "stock" is usually a collective noun, with "actions" as its French equivalent and "shares" as its synonym.  4, record 2, English, - adjustable%20rate%20preferred%20stock

Record 2,  Textual support,  French

Record number: 2, Textual support number: 1 DEF

Action privilégiée ouvrant droit à un dividende prioritaire à taux variable, habituellement établi par référence à un taux d'intérêt (par exemple le taux des bons du Trésor) qui ne peut excéder un taux plafond fixé.  3, record 2, French, - action%20privil%C3%A9gi%C3%A9e%20%C3%A0%20taux%20variable

Record number: 2, Textual support number: 2 DEF

Action semblable à une action privilégiée, sauf que son prix varie très peu puisque les dividendes sont fixés à un niveau variant entre 65 et 75% du taux d'intérêt préférentiel. Par conséquent, une action privilégiée à taux variable ressemble à une obligation mais, pour le détenteur, le revenu produit par ce titre n'est pas de l'intérêt (comme dans le cas d'une obligation) mais plutôt un dividende qui donne droit à un crédit d'impôt.  4, record 2, French, - action%20privil%C3%A9gi%C3%A9e%20%C3%A0%20taux%20variable

Record 2,  Textual support,  Spanish

Record 3,  Textual support,  English

Record number: 3, Textual support number: 1 CONT

A laddered portfolio is comprised of several bonds, each with a successively longer term to maturity. For instance, in a 10-year laddered portfolio, [the investor] might purchase bonds that mature in one, two, three, four, five, six, seven, eight, nine and 10 years. When the first bond matures at the end of year one, [the investor] would reinvest in a bond that matures in ten years – and continue doing this every year. Each position in the portfolio is usually the same size as the next, with intervals between maturity dates roughly equal.  2, record 3, English, - laddered%20bond%20portfolio

Record number: 3, Textual support number: 2 CONT

As the name suggests, a laddered bond portfolio is made up of several fixed income holdings,... Bonds close to maturity are reinvested back out at the long end(i. e. at the top of the "ladder") which will result in continuous rolling of the portfolio.  3, record 3, English, - laddered%20bond%20portfolio

Record 3,  Textual support,  French

Record number: 3, Textual support number: 1 CONT

Le principe est simple : en investissant des montants égaux dans cinq émissions d'obligations venant à échéance dans un, deux, cinq, sept et neuf ans respectivement, [l'investisseur crée] un portefeuille échelonné d'obligations dont le terme moyen jusqu'à l'échéance est de cinq ans.  2, record 3, French, - portefeuille%20%C3%A9chelonn%C3%A9%20d%27obligations

Record 3,  Textual support,  Spanish

Record 4,  Textual support,  English

Record number: 4, Textual support number: 1 DEF

A conventional bond that has been separated by an investment dealer into its principal and interest components (i.e., the bond residual and the coupons), which are then sold separately to investors at a discounted value.  4, record 4, English, - strip%20bond

Record number: 4, Textual support number: 1 OBS

... where traders clip the coupons off a fixed-interest bond or note and then sell the principal and interest parts separately to two groups of investors. Those seeking current income buy the strip of coupons and those wanting a lump sum at maturity, and a capital gain, buy the principal or "corpus" portion. Because each portion is worth less than its whole before taxes, both are sold at a deep discount from their face values.  5, record 4, English, - strip%20bond

Record 4,  Textual support,  French

Record number: 4, Textual support number: 1 DEF

Titre représentatif du principal d'une obligation dont on a détaché les coupons d'intérêt de manière à pouvoir négocier l'obligation et les coupons séparément, comme des titres à part entière.  3, record 4, French, - obligation%20coupons%20d%C3%A9tach%C3%A9s

Record number: 4, Textual support number: 1 OBS

Il est préférable d'éviter «obligation sans coupon» parce que ce terme pourrait aussi désigner l'obligation à coupon zéro qui est une obligation qui peut être émise sans coupon.  4, record 4, French, - obligation%20coupons%20d%C3%A9tach%C3%A9s

Record number: 4, Textual support number: 2 OBS

L'obligation coupons détachés est l'équivalent d'une obligation coupon zéro. Elle se négocie à une forte décote pour tenir compte de l'absence de versement périodique des intérêts.  3, record 4, French, - obligation%20coupons%20d%C3%A9tach%C3%A9s

Record 4,  Textual support,  Spanish

Record 5,  Textual support,  English

Record number: 5, Textual support number: 1 DEF

A bond on which the amount of interest to be paid depends on the level of the issuer’s earnings.  3, record 5, English, - income%20bond

Record number: 5, Textual support number: 1 OBS

Income bonds... result primarily from reorganizations. Hence the term adjustment bond is often used to designate an income bond.  2, record 5, English, - income%20bond

Record 5,  Textual support,  French

Record number: 5, Textual support number: 1 DEF

Obligation dont les intérêts versés aux obligataires dépendent des bénéfices réalisés par la société émettrice.  2, record 5, French, - obligation%20%C3%A0%20revenu%20variable

Record number: 5, Textual support number: 1 OBS

Dans la loi de l'impôt sur le revenu, «income debenture» et «income bond» ont été traduits par "obligations à intérêt conditionnel", ce qui ne permet pas de distinguer entre la débenture et l'obligation.  3, record 5, French, - obligation%20%C3%A0%20revenu%20variable

Record 5,  Textual support,  Spanish

Record 6,  Textual support,  English

Record number: 6, Textual support number: 1 CONT

An accumulated income payment(AIP) is a payment to a subscriber from the income earned on money the subscriber has contributed to a Registered Education Savings Plan(RESP) [registered education savings plan]. As well, it also includes income earned on funds in the RESP from a Canada Education Savings Grant(CESG) or a Canada Learning Bond(CLB).  3, record 6, English, - accumulated%20income%20payment

Record 6,  Textual support,  French

Record number: 6, Textual support number: 1 CONT

Un paiement de revenu accumulé est un paiement fait au souscripteur provenant de revenus gagnés à partir de montants cotisés à un régime enregistré d'épargne-études (REEE). Ces montants comprennent également les revenus accumulés dans le REEE [régime enregistré d'épargne-études] provenant de la Subvention canadienne pour l'épargne-études.  3, record 6, French, - paiement%20de%20revenu%20accumul%C3%A9

Record 6,  Textual support,  Spanish

Record 7,  Textual support,  English

Record number: 7, Textual support number: 1 DEF

A bond that permits investors to reinvest the interest income into bonds with the same terms and conditions as the host bond.  2, record 7, English, - bunny%20bond

Record number: 7, Textual support number: 1 OBS

UK term only. OSCARs, which are used in the French market, have a maturity of 10 years and reinvestment is only possible between the first and sixth year.  2, record 7, English, - bunny%20bond

Record 7,  Textual support,  French

Record number: 7, Textual support number: 1 DEF

Obligation dont les intérêts peuvent être réinvestis, au choix de l'obligataire, dans l'achat d'autres obligations ayant des caractéristiques identiques.  3, record 7, French, - obligation%20%C3%A0%20coupon%20%C3%A0%20r%C3%A9investir

Record 7,  Textual support,  Spanish

Record number: 7, Textual support number: 1 DEF

Bono que permite al tenedor recibir los intereses en efectivo o en bonos de la misma emisión.  2, record 7, Spanish, - bono%20con%20reinversi%C3%B3n%20de%20intereses

Record 8,  Textual support,  English

Record number: 8, Textual support number: 1 CONT

Given the assumption that financial soundness is desirable, a methodology of measuring it is proposed through modifying the approach used by credit-rating agencies of the bond market. The approach develops a profile and overall index of financial soundness, using accepted ratios relating to financial soundness. The separate aspects measured are : 1. the ability to attract capital, 2. the ability to weather a period of interrupted capital availability through sufficient liquid reserves, 3. the flexibility to select alternative types and sources of income, and 4. the control over cash flow.  3, record 8, English, - financial%20soundness

Record number: 8, Textual support number: 2 CONT

the financial health of a bank’s borrowers.  4, record 8, English, - financial%20soundness

Record 8,  Textual support,  French

Record number: 8, Textual support number: 1 CONT

Dans le cas des pays industrialisés, cette section présente une brève analyse des conditions économiques qui influent sur la santé financière actuelle et future des entreprises de chaque pays.  3, record 8, French, - solidit%C3%A9%20financi%C3%A8re

Record 8,  Textual support,  Spanish

Record number: 8, Textual support number: 1 CONT

Pero las medidas de este tipo difícilmente se pueden aplicar sin información contable y de auditoría razonablemente fiable sobre la salud financiera de los prestatarios de un banco, y un número suficiente de supervisores dotados no solamente de la competencia necesaria para realizar su labor, sino también de independencia política suficiente para realizarla en forma imparcial.  1, record 8, Spanish, - salud%20financiera

Record number: 8, Textual support number: 2 CONT

la salud financiera de los prestatarios de un banco.  1, record 8, Spanish, - salud%20financiera

Record 9,  Textual support,  English

Record number: 9, Textual support number: 1 CONT

Income or bond funds-whose main investment goals are those of safety of principal and a high income. Investment by such funds is primarily in good quality, high yielding government and corporate debt securities, some high-yield preferred and common shares and mortgages.  2, record 9, English, - high%2Dyield

Record 9,  Textual support,  French

Record number: 9, Textual support number: 1 CONT

Les placements de ces fonds sont orientés surtout vers des titres d'emprunt de bonne qualité et à rendement élevé émis par des compagnies et des gouvernements ainsi que vers quelques actions privilégiées, actions ordinaires et hypothèques donnant également un rendement élevé.  2, record 9, French, - %C3%A0%20rendement%20%C3%A9lev%C3%A9

Record 9,  Textual support,  Spanish

Record 10,  Textual support,  English

Record number: 10, Textual support number: 1 DEF

Debt securities collateralized by mortgage loans on the bond issuer's books. The income generated by the mortgages is used to pay principal and interest on the bonds. The best example is the collateralized mortgage obligation issued by the Federal Home Loan Mortgage Corporation.  1, record 10, English, - pay%2Dthrough%20bond

Record 10,  Textual support,  French

Record 10,  Textual support,  Spanish

Record 11,  Textual support,  English

Record number: 11, Textual support number: 1 CONT

The relationship between an immunization strategy, a maxmin strategy, and a duration strategy in a market in which investment income is subject to tax and investors are in more than one tax bracket is reexamined. The exact assumptions necessary for the duration strategy and the maxmin strategy to be equivalent in a world with taxes are clarified. In a world with taxes, the immunization strategy requires the portfolio to satisfy a constraint concerning the bond to be included besides the duration restriction.  1, record 11, English, - immunization%20strategy

Record 11,  Textual support,  French

Record 11,  Textual support,  Spanish

Record 12,  Textual support,  English

Record number: 12, Textual support number: 1 DEF

Municipal revenue bond whose debt service is paid from net lease payments made by an industrial corporation to the municipality. For the interest income to be exempt from federal taxation for the bondholder, the corporation must use the facilities to improve civic services or for pollution control activities.  1, record 12, English, - industrial%20development%20bond

Record 12,  Textual support,  French

Record 12,  Textual support,  Spanish

Record 13,  Textual support,  French

Record 13,  Textual support,  Spanish