This method of issuing additional debt was adopted by the British and French governments. Tap issues allow an organization to avoid certain transaction or legal costs and expedite fund raising. The issuer bypasses many of the initial formalities surrounding a bond issue, such as the prospectus, and proceeds to auction off the new securities. Issuing on tap is often suited for smaller fund-raising attempts, where the cost of a new issue is too high when compared to the amount borrowed.
Investment dictionary. Academic. 2012.
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tap issue — noun : tap bond * * * tap issue noun Tap stocks • • • Main Entry: ↑tap * * * tap bond or tap issue, a United States government bond on sale in unlimited amount for an indefinite period of weeks, intended to attract as capital idle funds from… … Useful english dictionary
tap issue — The issue of UK government securities or bills to selected market makers, usually to influence the price of gilts. The government can control their volume and price, like turning a tap on or off … Big dictionary of business and management
tap stock — A gilt ( gilts) which has been issued by means of a tap. Identified by the symbol in the Financial Times. A tap issue is where the stock is issued on a tranche by tranche basis into the market, rather than all being issued at the same time. This… … Financial and business terms
tap bond — noun : a government security of an issue unlimited in total amount and offered for sale for an unspecified period called also tap issue * * * tap bond or tap issue, a United States government bond on sale in unlimited amount for an indefinite… … Useful english dictionary
Tap-Out — is a fictional character from the toy, comic book, and cartoon storylines.Transformers: UniverseTransformers character name =Tap Out caption = japanname = affiliation =Autobot subgroup =Convention Exclusives Mini Bots rank =3 function =Bodyguard… … Wikipedia
Tap water — Indoor Tap commonly found in the bathroom or kitchen. This tap is a single handle, double spout tap (one spout for hot water, one spout for cold water). Tap water (running water, city water, municipal water, etc.) is a principal component of… … Wikipedia
tap stock — A gilt edged security from an issue that has not been fully subscribed and is released onto the market slowly when its market price reaches predetermined levels. Short taps are short dated stocks and long taps are long dated taps … Accounting dictionary
tap stock — A gilt edged security from an issue that has not been fully subscribed and is released onto the market slowly when its market price reaches predetermined levels. Short taps are short dated stocks and long taps are long dated taps … Big dictionary of business and management
tap CD — Fin the issue of certificates of deposit, normally in large denominations, when required by a specific investor … The ultimate business dictionary
Alveolar tap — The alveolar tap or flap is a type of consonantal sound, used in some spoken languages. The symbol in the International Phonetic Alphabet that represents dental, alveolar, and postalveolar flaps is IPA|ɾ, and the equivalent X SAMPA symbol is… … Wikipedia