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Seasoned Securities
Source:
Encyclopedia of Banking & Finance (9h Edition) by Charles J Woelfel
(We recommend this as work of authority and you can order
it here)
Securities
of recognized merit and of long standing, issued by corporations engaged
in the production of basic staples, whose officers are skilled in operating
and financial management, whose properties and net assets leave a safe
equity for securities, and whose earnings have been sufficiently stable
to ensure interest payments and dividend disbursements over a long period
of time. The chief significance
of this term is to indicate that such securities are subject to a smaller
price fluctuation range than other securities and are consequently more
satisfactory for investment and collateral purposes.
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