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A bond which is secured by a blanket mortgage on the company's property, but which is usually subordinated to one or more other mortgage bonds.
A procedure to encourage Canadians to invest in preferred and common shares of taxable, dividend-paying Canadian corporations. Not available on interest from bonds. The taxpayer pays tax based on grossing up (i.e., adding 33 1/3% to) the amount of dividend actually received and obtains a credit against federal and provincial tax based on the grossed up amount.
Common stock of a company with excellent prospects for above-average future growth; a company which over a period of time seems destined for above-average expansion.
Good till cancelled order. Same as Open Order.
A deposit instrument most commonly available from trust companies, requiring a minimum investment at a pre-determined rate of interest for a stated term. Generally non-redeemable prior to maturity but there can be exceptions.