IDEAS home Printed from https://ideas.repec.org/a/fma/fmanag/de93.html
   My bibliography  Save this article

Contingent Payments and Debt Contracts

Author

Listed:
  • Volume 22 Number 2

Abstract

The phrase "corporate debt" usually conjures up the picture of a security that promises periodic fixed-coupon payments and a larger face value payment at maturity. Potentially, however, the stream of periodic payments over the life of a debt security can be structured several ways. For example, in addition to fixed periodic coupon payments as with standard fixed-coupon bonds, periodic payments can be made contingent on the accounting earnings of the issuing corporation in each period as with income bonds, or there call be only one payment at maturity as with zero-coupon bonds. Debt securities with all of the above three payment structures have been issued; however, in practice, most corporate debt carries it fixed coupon.

Suggested Citation

  • Volume 22 Number 2, 1993. "Contingent Payments and Debt Contracts," Financial Management, Financial Management Association, vol. 22(2), Summer.
    • Handle: RePEc:fma:fmanag:de93
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fma:fmanag:de93. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Courtney Connors (email available below). General contact details of provider: https://edirc.repec.org/data/fmaaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.