2oii0r2017 Bond Circlar
Bond Circular
DEFINITION of 'Bond Circular’
‘standardized legal document that contains an abbreviated version ofthe relevant terms from the
prospectus of anew bond issue. The bond circular is made avallable to prospective Investors and
‘contains basic information including: Issuer, amount ofthe issue, coupon, use of proceeds and final
legal maturity ofthe bond.
‘Aso known as an “offering crcular’,
BREAKING DOWN ‘Bond Circular’
All securities and mutual funds made available forsale in the U.S. must have an offering circular per
the Securities Act of 1933, tis usually delivered electronically along with the prospectus to potential
investors. In addition to the basic information described above, the bond circular describes whether
debt is senior or subordinated and how the company plans to use the Issue proceeds.
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Circular Flow Of Income
‘The circular flow of income isa neoclassical economic model depicting how money flows through
the economy. n the most simple version, the economy is modeled as consisting only of households
‘and firs. Money flows to workers inthe form of wages, and money lows back to firmsin exchange
{for products. This simplistic model suggests the old economic adage, “Supply creates its own
demand”
BREAKING DOWN ‘Circular Flow Of income’
‘The circular flow of income model lustrates the interdependencis of different factors in the
‘economy. However, actual money flows through the economy ae far more complicated. Economists
have expanded on the ideas ofthe circular flow of income model to better depict the complexity of
‘modern economies.
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