A mutual fund designed to produce current income for shareholders through interest, dividends, or other income streams.
A Leveraged Buyout (LBO) involves the acquisition of a company utilizing a significant amount of borrowed money. Typically, the assets of the acquired company serve as collateral, and the intention is to use the company's cash flow to repay the obtained loans.
Subordinated debt is a type of unsecured debt that can only be claimed by a creditor after the claims of secured creditors have been met, particularly in the event of a liquidation.
