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The corporate debt bubble is the large increase in corporate bonds, excluding that of financial institutions, following the financial crisis of 2007–08. Global corporate debt rose from 84% of gross world product in 2009 to 92% in 2019, or about $72 trillion.
A corporate resolution is a document issued by a board of directors, outlining a binding corporate action. [ 1 ] Resolutions may authorize routine transactions such as opening corporate accounts, or adopting a fictitious business name . [ 2 ]
The facility acts much like a corporate credit card, except that borrowers are charged an annual commitment fee on unused amounts, which drives up the overall cost of borrowing (the facility fee). In the U.S., many revolvers to speculative-grade issuers are asset-based and thus tied to borrowing-base lending formulas that limit borrowers to a ...
After four weeks averaging more than $50 billion per seven-day period, new corporate bond issues took a breather last week with slightly less than $13 billion of new paper. Even though borrowing ...
Nigel Carse/Getty Images By Ann Saphir U.S. small businesses boosted borrowing in September, pushing the Thomson Reuters/PayNet Small Business Lending Index to its highest level in 7½ years ...
Learn how to download and install or uninstall the Desktop Gold software and if your computer meets the system requirements.
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