Complex Capital Structure

Investors generally attribute delineation in capital in the form of common stocks and bonds. In the real world, there exist dramatically more complex investing vehicles through which companies and individuals raise money. Debt comes in dozens of flavors. To wit, debenture, senior debt, convertible bonds, lines of credit, and other debt-like vehicles exist to the tune of trillions in transaction volumes per year. Add to the debt world ownership elements, or equity...things like common stock, convertible preferred stock, options, rights, warrants, and other instruments, like super-voting powers, which change the ownership and control nature of corporations.

The more “things” that make up the capital structure, the more complex it is. Hence the term "complex capital structure."