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Life Insurance Investments as a Factor in the Economy
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amortization amount average balance sheet basis bond issues borrower building Canada Canadian dollars capital position capital structure carrying value Class I railroads common stock company's assets corporate bonds cost coverage credit standing current assets current liabilities debentures debt service decline depreciation earning power electric utilities equipment obligations equity expenses factors fixed charges funded debt growth guaranteed important income accounts income taxes increase industrial bonds industrial companies insurance company investments interest rate investor lease rentals lender lending lessee limited major market values maturity ments mortgage bonds mortgage debt mortgage loans municipal bonds natural gas operating revenue outstanding panies payable payments period permit preferred stock principal probably proportion public utility purchase railroad rate of return ratio real estate mortgages relatively reserves retire revenue bonds road sell sinking fund sold substantial surplus tend tion United United States dollars usually valuation