Investment trust: These are closed end funds mainly comprising public limited companies. Ground lease: A ground lease is defined as a type of lease in which only the land is rented. Efficient portfolio: Efficient or optimal portfolio provides the greatest expected rate of return at a given amount of risk. Gross domestic product GDP: The total market value of the goods and services produced in a country in a specified period is known as gross domestic product. Futures price: In a futures contract, futures price is the price set by two participants who agree to transact at the settlement date. It is highly unlikely that a bank will give you start-up business loans if you have a bad credit rating. Wire transfers is an electronic medium used while transferring funds. Service business: Service business refers to a business that deals in services and not products.
Subject to completing due diligence, we propose an exchange ratio of 0.122x to 0.131x shares of Tesla common stock for each share of SolarCity common stock. This proposal represents a value of $26.50 to $28.50 per share, or a premium of approximately 21% to 30% over the closing price of SolarCitys shares, based on todays closing price of SolarCitys shares and the 5-day volume weighted average price of Tesla shares. We believe that our proposal offers fair and compelling value for SolarCity and its stockholders, while also giving SolarCitys stockholders the opportunity to receive Tesla common stock at a premium exchange ratio and the opportunity to participate in the success of the combined company through their ongoing ownership of Tesla stock. The board of directors of Tesla is excited at the prospect of a potential combination of SolarCitys business with Tesla. We believe that the possibilities for product, service and operational synergies would be substantial, and that a combination would allow our companies to build on our respective core competencies and remain at the forefront of delivering innovative approaches for sustainable transportation and energy. We believe that a combination would generate significant benefits for stockholders, customers and employees of both Tesla and SolarCity.
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For example, on the maturity of a one year fixed deposit, the invested sum along with the accumulated interest, is transferred by the bank to the account of the investor. Notice day: The day that the futures traders are notified of their need to fulfil the terms of their contracts. Equity floor: An equity floor is an agreement in which a party agrees to pay the other at specific time periods if the stock market benchmark falls below a pre-set level. Extra payment made to workers for working more than normal working hours is known as penalty rate. Yield ratio: The ratio of two bond yields. Underlying: Underlying is anything that two or more parties, entering a derivative contract, agree to exchange. Another name for this type of credit is charge account or revolving credit. The accumulator is a type of security that is related to capital and is issued on face value, but the interest is not paid to the investor on the basis of the time period. Another very prominent example of such a loan is the home loan without credit check that is provided after bankruptcy. Sales channel: Sales channel is a medium that is used to distribute the product in the market.