Income Deposit Security (IDS) -
Income Deposit Security (IDS) is a security that combines common stock
certificates and the notes of the common stock certificate issuer to
provide regular income payments to the holder of the security. The holder
of the stock certificates income deposit security receives dividends
from the common stock certificates, and fixed income from the debt instrument
in the IDS. These stock certificate securities trade on the stock exchange
and can e purchased by any type of investor. The companies and corporations
use this form of security for the stability and the maturity of the
business, similar to the Canadian income trust.
Date of Payment - a date of payment is a term for the date a payment on a dividend on a stock, a distribution of a mutual fund, or a bond interest payment is made or is scheduled to be made. It?s also known as the distribution date or simply...