【正文】
ated future liability of interest amp。 principal ? Tax deductible ? No control or ownership by borrower ? Restrictive covenants ? Promised cashflows in future ? Traded amp。 non traded FIS : significance Sunil Mahajan ISMS 10 Features ? Principal or face value ? Coupon payment ? Maturity ? Security ? Seniority – Subordinate bonds ? Indenture ( Deed of Trust) ? Embedded option