| 单词 | mezzanine finance |
| 释义 | mezzanine finance mezzanine finance1. Finance, usually provided by specialist financial institutions, that is neither pure equity nor pure debt. It can take many different forms and can be secured or unsecured; it usually earns a higher rate of return than pure debt but less than equity. Conversely, it carries a higher risk than pure debt, although less than equity. It is often used in management buy-outs. M-form Describing a type of organizational structure consisting of a relatively large number of relatively small semiautonomous units, which are controlled mainly by the setting of financial targets from the centre. ‘M’ stands for ‘multidivisional’. Recent years have seen a trend towards M-form and N-form structures. |
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