Debenture A debenture is an unsecured general debt obligation that is backed only by the integrity of the issuer. Leverage is the use of borrowed money to enhance the return on owners' equity. The ratio is calculated by dividing a company's total long-term debt by its total shareholders' equity. Deflation Deflation is a decline in the prices of goods and services. It differs from disinflation, which is a slowing down in the rate of price increases.
Prolonged deflation has a negative impact on economic output and employment.
Disinflation Delisted Security A delisted security is a company's security that is removed from an exchange because the firm failed to abide by exchange regulations or failed to satisfy listing maintenance standards. A derivative security is a financial instrument whose value is based on the performance of another underlying security. For example, an option is derivative because its value changes in relation to the performance of an underlying stock. A direct public offering occurs when a company sells its shares directly to the public without the assistance of an underwriter. The company can legally advertise its stock directly to the public through the Internet or off-line media.