TSE 300 (Toronto Stock Exchange index)

Definition

The stock price index representing a market capitalization average price on the Toronto Stock Exchange. This index was replace in May 2002 by the S&P/TSX Composite Index.

Investing Essentials

Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University


Term of the Day

Covenant defeasance
Covenant defeasance allows the issuer to remove the bond's covenants by placing the remaining payments with a trustee in escrow to be paid out on schedule.

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