Cumulative preference shares: related pages

Shares that pay fixed dividends: payment of both dividends and capital takes priority over that of ordinary shares.

A hybrid security or hybrid instrument is a security that has characteristics of both debt and equity.

Securities issued by building societies that pay fixed interest. Often not redeemable.

Debt that takes a lower priority than other debt if the event of the issuer's liquidation.

A security is redeemable is the issuer has a right to re-pay the liability it represents and cancel it.

The flat yield of a bond is simply the coupon rate divided by the current price.

The IRR a buyer would receive by purchasing a bond at the current market price.

The lowest of the different measurements of yield on a bond.