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Secured Premium Notes are nothing but a share warrant which are only issued by the listed companies after having approval from The Central Government.
SPN comes with a detachable warrants which has lock in period of 4 to 7 years. No interest will be paid within lock in period to SPN holders.
SPN holders will get Principal Amount along with interest on installment basis after lock in period of said period.
Detachable warrants can be converted into Equity Shares as per notification & time limit by the Company.
With Regards,
Sameep Shah
ICAI, Mumbai.
Wiki User
∙ 13y ago
Wiki User
∙ 12y agoSecured Premium Notes are nothing but a share warrant which are only issued by the listed companies after having approval from The Central Government.
SPN comes with a detachable warrants which has lock in period of 4 to 7 years. No interest will be paid within lock in period to SPN holders.
SPN holders will get Principal Amount along with interest on installment basis after lock in period of said period.
Detachable warrants can be converted into Equity Shares as per notification & time limit by the Company.
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Is secured premium notes did not carry interest during first 3 years?
yes
Can you write short notes on equitable premium?
Yes you can because its equitable premium
What is the difference between unsecured and secured subordinated notes?
The first one is unsecured, the second one secured.
Is there any type of promissory notes that are amortized over 120 months?
All types of promissory notes can be amortized over 120 months. We can write secured and non secured notes, 1st and 2nd mortgages. car loan etc.
What has the author Richard B Hagedorn written?
Richard B. Hagedorn has written: 'Secured Transactions in a Nutshell' 'The law of promissory notes' -- subject(s): Promissory notes
What is a Long Term Notes Payable?
They are similar to short-term interest-bearing notes payable except that the term of the notes exceeds one year. a long term note is often secured by a mortgage that pledges title to specific assets as security for a loan.
Who came up with Cash Flow Notes and what are they used for?
Cash flow notes are legally-binding contracts which document the promise of the borrower to repay the lender. Currently, there are more than sixty types of cash flow notes. Some of the more common types include real estate, structured settlements, and business notes. Real estate cash flow notes are secured by real property such as a commercial building, residential house, mobile home, automobile, boat, or airplane. When real property is used to secure real estate notes, a mortgage or trust deed is added. Structured settlements are financial instruments used to compensate individuals who have been injured due to the negligence of an individual or organization. This type of cash flow note is secured using annuity payments typically paid to the recipient over an extended period of time. Business cash flow notes are secured by assets owned by the business. There are different types of business cash flow notes including: seller carry back notes, purchase order funding, and factoring.
What is a dollar bill with a small star after the serial number?
Historically, the "star" notes are released into the money supply to take the place of notes that are found to be defective after printing (and destroyed). These place-holder notes maintain the count of notes in a given serial number range. Star notes are considerably more scarce for any given series date than are ordinary notes. But not all will command a premium value above the face value of the bill.
When an interest-bearing note matures the balance in the Notes Payable account is?
The principal or maturity value. The premium or discount should be fully amortized down to zero.
When an interest-bearing note matures what is the balance in the notes payable account?
The principal or maturity value. The premium or discount should be fully amortized down to zero.
What does a star before and after serial numbers on a bill mean?
it means the bill was printed to replace a bill that was damaged during the printing process."Star notes" are more valuable than ordinary bills but the premium depends on denomination, date, and condition. Some star notes are only worth a bit more than their ordinary counterparts, while others can command a 15 or 20 percent premium.
What is a secured loan?
what is a secured loan
