Resembles a sinking fund, except that money is used to purchase bonds only if they are selling below their par value.
Similar Matches
Bargain purchase price option
Bargain purchase price option Gives the lessee the option to purchase the asset at a price below fair market value when the lease expires.
Corporate repurchase
Corporate repurchase Active buying by a corporation of its own stock in the marketplace. Reasons for repurchase include putting idle cash to use, raising EPS, creating support for a stock price, increasing internal control (shark repellant), or stock for ESOP or pension plans. Repurchase is subject to rules, such as that buying must be on a zero minus or a minus tick, after the opening and before 3:30 p.m.
Counterpurchase
Counterpurchase Exchange of goods between two parties under two distinct contracts expressed in monetary terms.