- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
World's leading financial information-service, news, and media company.
Securities lent interest-free between brokers to cover customers' short sale positions.
Industry:Financial services
Agent whose primary task is to disseminate and explain the details of capital transactions.
Industry:Financial services
Municipal bond underwriting in which the account is undivided and syndicate members are responsible for unsold bonds in proportion to their participation, regardless of how many bonds they may have already sold. A firm with 20% of the account is responsible for selling 20% of the unsold bonds even if has already sold 25% of the total debt issue, for example. See: Severally but not jointly.
Industry:Financial services
The ratio of money borrowed on a property to the property's fair market value.
Industry:Financial services
Condition that information is known to some, but not all, participants.
Industry:Financial services
The correlation between predicted and actual stock returns, sometimes used to measure the contribution of a financial analyst. An IC of 1.0 indicates a perfect linear relationship between predicted and actual returns, while an IC of 0.0 indicates no linear relationship.
Industry:Financial services
In the case of a joint account, on the death of one account holder, ownership of the account assets is transferred to the remaining account holder or holders.
Industry:Financial services
