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What Is a Covered Bond?



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A covered bond is a type of debt security that is backed by a pool of assets, typically mortgages. Covered bonds are issued by financial institutions in order to raise capital, and they are typically used to finance long-term projects such as infrastructure development. Because they are backed by a pool of assets, covered bonds … Read more

Facilitating Payment.



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A facilitating payment is a payment made to secure the performance of a routine governmental action of a minor nature, which the payer is legally entitled to receive. This term is typically used in the context of bribery and corruption, as facilitating payments are often made in order to secure the performance of a routine … Read more