- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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A unit investment trust consisting of securities that were agreed upon at the time of investment and do not change.
Industry:Financial services
A pattern reflecting price fluctuations within a narrow range, generating a rectangular area on a graph both prior to and after sharp rises or declines.
Industry:Financial services
Value of a security displayed, or flashed across the tape, when the tape display cannot keep up with volume on an exchange and lags the current price is lagged more than approximately five minutes.
Industry:Financial services
Convertibles: Earning interest on the date of payment only. General: Having neither a short nor a long position in a stock. Clean. Market: characterised by horizontal price movement, usually the result of low activity. Equities: To execute without commission or markup.
Industry:Financial services
Method used to determine a participant's benefits in a defined benefit plan by multiplying months of service by a flat monthly benefit.
Industry:Financial services
The quoted newspaper price of a bond that does not include accrued interest. The price paid by the purchaser is the full price.
Industry:Financial services
Taking a position either long or short that does not involve spreading.
Industry:Financial services
The pattern for new issues where shorter- and longer-term yields display very little difference over the bond's maturity range.
Industry:Financial services
A tax which is levied at the same rate on all levels of income. Antithesis of progressive tax.
Industry:Financial services
A bond in default trades flat; that is, the price quoted covers both principal and unpaid accrued interest. Any security that trades without accrued interest or at a price that includes accrued interest is said to trade flat.
Industry:Financial services
