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Term of the Day
equity note
equity multiplier
equity of redemption
Definition
A
debt security
which is converted into
common stock
at its
maturity
. During the
life
of the
debt
, the
equity
note
pays
interest
like an ordinary debt but at its maturity, the
holder
swaps
the note for a common
stock
.
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Popular 'Lending & Credit' Terms
equity
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