As the period of maturity increases, the liquidity falls, unless a capital loss is to be incurred, and the pure debt characteristic increases.
The portfolio companies typically have little or no debt, a characteristic that tends to go hand in hand with high returns on assets and invested capital, he said.
But Mr. Bernanke said municipal debt had "unique characteristics" that made it "unlikely" that the Fed could be of much help.
After controlling for country-level sociodemographic characteristics, debt and manufacturing, economic activities were positively associated with infant mortality rates and under-5 mortality rates in sub-Saharan Africa.
Manageable debt is another characteristic of Lynch companies.
The survey collects data to measure the financial condition (farm income, expenses, assets, and debts) and operating characteristics of farm businesses, the cost of producing agricultural commodities, and the well-being of farm operator households.
As pointed out by Ainahalli R Vasavi, debt has been a characteristic feature of Indian farming.
Bankers hope contingent capital can replace older hybrid securities that combine characteristics of debt and equity.
But the core Tier 1 capital must be in the form of common shares and retained earnings, it said, adding that the use of hybrid securities — instruments that blend characteristics of debt and equity — would be phased out.
Then there are hybrid instruments, which combine characteristics of debt and equity (see "Financing For Troubled Times").
