Most zeros revel in asset

yuna

Senior Member
Korea/Korean
Hello,

Most zeros
revel in asset cover high enough to satisfy even the most nervous investor.
(from: http://sentence.yourdictionary.com/revel)There is no context, and in the underlined phrase, 'most zeros revel in asset', every single word doesn't make sense to me.
Could you explain what this words mean?
 
  • Copyright

    Senior Member
    American English
    I don't know the financial terminology, but I think it will help if you consider "asset cover" as belonging together.
     

    yuna

    Senior Member
    Korea/Korean
    Oh, then I'd better look up asset cover, and then think about what the word 'zeros' refers to. Thanks!
     

    Egmont

    Senior Member
    English - U.S.
    Zeros here refers to zero-dividend preference shares: shares that pay no dividends during their lifetime, but pay a predetermined amount at a predetermined liquidation date. They may be used in split capital investment trusts. A full discussion of how those work is beyond the scope of a language forum, but a Web search for any of those terms will lead you to complete explanations.
     

    yuna

    Senior Member
    Korea/Korean
    Thank you very much, Egmont! I'll google those terms for further understanding.
     
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