Sentence examples for split cap from inspiring English sources

But if a split cap breaches its banking covenants it can suspend payments on zeros.

If one split cap goes under, there is a high chance of a domino effect.

Aberdeen, which manages 17 split cap funds and is part of the so-called magic circle of investment trusts which hold relatively large stakes in each other, saw its shares tumble as much as 14 per cent before recovering some lost ground to close down 8 per cent at 297.5p.

This is especially true in San Francisco, which doesn't have a hard cap across the board; it has a split cap that is different based on whether the host is present or not.

Split caps are investment vehicles with several classes of shares.

Split caps differ in that they have various types of shareholder.

Aberdeen says it supports more disclosure by split caps of their holdings.

That leaves £350m that the FSA says those involved in selling split caps should pay in compensation to the 50,000 or so small investors who have lost out.The companies that peddled split caps have had different ideas.

Many split caps didn't have enough, because their fortunes depended on the stockmarket, which had fallen.

The effects were amplified because in recent years split caps had not only often invested in each other, but multiplied their bets with money borrowed from banks.

Gary Marshall, sales and marketing director of Aberdeen, said he was "absolutely confident" that the FSA would not find evidence that the company has mis-sold split caps.