GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

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Issuer


Synonyms:securities issuer
Filed Under: financial-banking, insurance, investments
Tags: banking, insurance, investment
 

Definition of issuer

issuer
1. A legal entity, either a domestic or foreign government, corporation or investment trust, that develops, registers, and sells securities including stocks, bonds, notes, debentures, and derivatives. The issuer sells securities in order to finance its obligations.

Related Terms and Acronyms:

  • asset-backed securities (ABS)   Securities backed by a pool of assets.
      ➥  Financial security made up of a bundle of assets.
  • bond   A certificate of debt issued by a government or corporation guaranteeing payment of the original investment plus interest by a specified future date.
  • derivatives   Financial contracts whose value is derived from the value of some underlying asset, rate or index. Derivatives are used as risk-management tools by governments and corporations to reduce exposure to risk, mainly related to fluctuations in foreign-exchange and interest rates. Derivative instruments include swaps, options, futures and forward contracts and are used by banks in two principal activities: sales/trading and asset/liability management.
  • mortgage-backed securities   Securities backed by mortgage debt.
  • note   A legal acknowledgement of a debt and an implicit promise to repay. It includes the loan amount, interest rate and term.
  • secondary mortgage market   The trade in home loans that are bundled together and sold as securities to investors. It frees money so more people can get mortgages.
  • security   A tradable financial implement that represents ownership, the rights to ownership or debt.
  • segregated fund   Investment vehicles that feature both maturity and death guarantees. Segregated funds share similarities with mutual funds but are categorized as insurance products.
  • stock   A share of the ownership of a company.
  • trust   A fund established like a will, specifying how money or property will be disbursed, lists the recipients or beneficiaries and names one or more trustees to manage the assets. An irrevocable trust can't be changed after the terms are finalized; a revocable trust has more legroom in how much can be transferred, but is usually costlier to maintain.

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