The idea behind the chastity bond is that companies will be less inclined to take over a company if they know that afterward they will immediately be forced to pay bondholders.
This is similar in nature to a macaroni strategy except that the redemption prices of the bonds are not inflated - the chastity bond matures at par.
Investment dictionary. Academic. 2012.
CHASTITY — CHASTITY, avoidance of illicit sexual activity. In the name of holiness, the Bible exhorts against following the abominations of the land of Egypt in which ye have dwelt and of the land of Canaan into which I bring ye (Lev. 18:3). Adultery,… … Encyclopedia of Judaism
Law of chastity — The law of chastity is one of two moral codes established by The Church of Jesus Christ of Latter day Saints. It is one of the most important and stressed codes of a member s life, introduced at an early age (8 10) and focused on in young men and … Wikipedia
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Catholic teachings on sexual morality — draw from natural law, Sacred Scripture and Sacred Tradition and are promulgated authoritatively by the Magisterium. Sexual morality evaluates the goodness of sexual behavior, and often provides general principles by which Catholics are able to… … Wikipedia
Excommunication — • Exclusion from the communion, the principal and severest censure, is a medicinal, spiritual penalty that deprives the guilty Christian of all participation in the common blessings of ecclesiastical society Catholic Encyclopedia. Kevin Knight.… … Catholic encyclopedia
Extermination order — Missouri Executive Order 44, [http://en.wikibooks.org/wiki/Extermination Order %28Mormonism%29] also known as the extermination order (alt. exterminating order) in Latter Day Saint history, was an executive order issued on October 27, 1838 by… … Wikipedia
Consecrated life (Catholic Church) — St Benedict of Nursia (c. 480 543), who wrote the leading religious rule for monastic living, evokes the Christian roots of Europe , says Pope Benedict XVI. In the Roman Catholic Church, the term consecrated life denotes a stable form of… … Wikipedia
Hinduism — /hin dooh iz euhm/, n. the common religion of India, based upon the religion of the original Aryan settlers as expounded and evolved in the Vedas, the Upanishads, the Bhagavad Gita, etc., having an extremely diversified character with many… … Universalium
