public income notes (PINES)


An unsecured loan certificate funded and distributed by a public company. Public income notes are bought and sold on the stock exchange but are also subject to assessed interest. Notably, they are unsubordinated, thereby bearing considerably less risk to the issuing company as unsubordinated debt is paid off before subordinated debt in cases of default.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
public housing authority bond Public Investment Fund