Payment Or Interest Payment Action
Definition
Payment Or Interest Payment Action. The payment of some mandatory payment as defined in the contractual terms of the security, such as interst payment of amortization. this is income generated to the HOlder because of the security contract.
This is distinct from any other kind of distribution based on the Issuer deciding to do something;l in this case the OIssuer has no choice (these are payments defined in contractual terms) and if they do not do it,. this is a Default
Disclaimer
This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.
| IsDefinedBy URI of an entity that is defined via an imported vocabulary. | https://spec.edmcouncil.org/fibo/ontology/CAE/CorporateEvents/CorporateActionsEvents/index-en.html + |
