S
   
   Secure Principal Energy Receipt (SPER)
   















 

S

Secure Principal Energy Receipt (SPER)

A unit consisting of interests in natural gas or oil producing properties and zero coupon Treasury obligations. The oil and gas interests provide a high initial cash flow and tax credits or depletion allowances to investors. The zero coupon Treasuries assure the return of the investors' nominal principal at maturity.

Glossary * S