John Hancock inspired a saying we still use today. - FactzPedia


I Create Scientific Educational Posts

John Hancock inspired a saying we still use today.


John Hancock inspired a saying we still use today.

“Put your John Hancock here.” Have you ever heard that phrase?

We all know the person is asking for your signature, but why is that a common saying?

As it turns out, John Hancock, who served as president of the Continental Congress, was the first signer of the Declaration of Independence.

But it’s not just that. His signature was large, flourishing, and very noticeable.

It was risky business to sign it – treason, to be exact.

According to legend, he wanted King George to be able to read it without his glasses, which is why it’s so big.

preferred securities come with coupon payments, maturity dates, stated par values, and some have callable features. Additionally, like stocks, preferreds come with non-voting rights and share ownership.

Preferred securities serve as an important source of regulatory capital, particularly for financial institutions such as banks and insurers after the global financial crisis, as certain preferred securities are categorized as AT1 capital.

Preferred securities serve as a lower-cost option for financing as investors' return demand is lower, and the issuance avoids common equity ownership dilution. By receiving "equity treatment" from rating agencies, preferred securities help issuers maintain their ratings and can lower debt servicing costs. In some cases, hybrid debt securities may be more attractive than traditional preferred securities for tax purposes.

No comments:

Post a Comment