pyramiding

Definitions

1. Banking: Borrowing from bank A to pay off bank B and then borrowing from bank C to pay off bank A ... and so on without ever paying off the originally borrowed principal. This scheme collapses when interest payments become too large for the debtor, resulting in bankruptcy if a debt consolidation is not arranged.

2. Corporate: Taking control of a firm (subsidiary) through majority shareholding and then taking control of another firm with the combined shareholding ... and so on to build a large holding company that provides managerial and financial (and sometimes marketing) functions for the entire group.

3. Finance: Using paper profits to build up a portfolio of investments.

4. Real estate: Purchasing additional properties by borrowing against the currently owned properties.

单词	pyramiding
释义	pyramiding Definitions 1. Banking: Borrowing from bank A to pay off bank B and then borrowing from bank C to pay off bank A ... and so on without ever paying off the originally borrowed principal. This scheme collapses when interest payments become too large for the debtor, resulting in bankruptcy if a debt consolidation is not arranged. 2. Corporate: Taking control of a firm (subsidiary) through majority shareholding and then taking control of another firm with the combined shareholding ... and so on to build a large holding company that provides managerial and financial (and sometimes marketing) functions for the entire group. 3. Finance: Using paper profits to build up a portfolio of investments. 4. Real estate: Purchasing additional properties by borrowing against the currently owned properties.
随便看	leasehold interest insurance leasehold land lease payment lease purchase lease schedule lease term lease to own lease underwriting lease utilization lease with option to purchase lease with option to renew leasing leasor least developed countries (LLDC) least-squares regression leave behind lecture ledger ledger account ledger cash ledger cost leg legacy application legacy asset legacy costs