- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
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Floating-rate bond that periodically can be sold back to the issuer.
Industry:Financial services
An option strategy in which the investor owns 100 shares of the underlying security and writes two call options against it, each option having a different striking price.
Industry:Financial services
A measure of dispersion of a set of data points around their mean value. The mathematical expectation of the average squared deviations from the mean. The square root of the variance is the standard deviation.
Industry:Financial services
An approach to bond indexing that uses historical data to estimate the variance of the tracking error.
Industry:Financial services
Specifies the permitted minimum or maximum quantity of securities that can be delivered to satisfy a TBA trade. For Ginnie Mae, Fannie Mae, and Freddie Mac pass-through securities, the accepted variance is plus or minus 2.499999 % per million of the par value of the TBA quantity.
Industry:Financial services
An additional required deposit to bring an investor's equity account up to the initial margin level when the balance falls below the maintenance margin requirement.
Industry:Financial services
Cash kept on hand in a depository institution's vault to meet day-to-day business needs, such as cashing checks for customers; can be counted as a portion of the institution's required reserves.
Industry:Financial services
Stands for Venture Enhancement and Loan Development Administration for Smaller Undercapitalized Enterprises. A federal agency that buys and pools small business loans made by banks, and then issues securities that are bought by large institutional investors.
Industry:Financial services
The number of times a dollar is spent, or turns over, in a specific period of time. Velocity affects the amount of economic activity generated by a given money supply.
Industry:Financial services