What Is a Capital Note?

A capital note is a debt security issued by a corporation in order to raise capital. Capital notes typically have a maturity date of five to seven years and pay interest semi-annually. The proceeds from the sale of capital notes are typically used to fund working capital needs or to finance capital expenditures. Are capital … Read more

Understanding Insurable Interest.

Insurable interest is the legal concept that defines the relationship between the insured and the insurance policy. In order for an insurance company to issue a policy, the insured must have some type of insurable interest in the property or person that is being insured. This means that the insured would suffer a financial loss … Read more