Also known as low floater tax exempt bonds or tax exempt real estate bonds. Originally used as a vehicle by which municipalities could encourage socially responsible investing in t ...

Percentage of the nominal value of debt excluding shareholder loans of which the interest rate risk is hedged through derivatives.

Prozentualer Anteil am Nominalwert der Verbindlichkeiten ohne Aktionärsdarlehen, dessen Zinsrisiko durch Derivate abgesichert ist.

A type of hedging where two parties exchange a floating interest rate for a fixed interest rate or vice-versa

Projected NOI over the following four quarters as a ratio of projected interest payments on bank (not shareholder) loans over the same period. This is a portfolio metric which may ...

Commitment made by a bank or other party (the "issuer"), upon the application of the issuer's client (the "applicant"), to pay the amount of the letter of c ...

Using debt and other debt-like instruments to acquire assets. In essence, the use of leverage lowers the equity required to fund an investment by sharing the risk of the investment ...

Leverage limits are restrictions put on an advisor, typically governed by the fund organizational documents, which may limit the amount or type of leverage that can be used in a Fu ...

The most widely used measure of leverage for monitoring financial risks in a real estate portfolio. The Leverage Percentage indicates what proportion of debt a fund has relative to ...

Loan covenants are stipulations in a commercial loan or bond issue that require the borrower to fulfill certain conditions or which forbids the borrower from undertaking certain ac ...