- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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Commercial paper backed by normal bank lines of credit plus a letter of credit from a bank stating that it will pay off the paper at maturity if the borrower defaults. Such paper is also referred to as L.O.C. paper.
Industry:Financial services
In the context of general equities, request from a customer to either buy or sell stock, that, if not cancelled or executed the day it is placed, expires automatically. All orders are day orders unless otherwise specified. Traders often make calls before the opening to cheque for renewals.
Industry:Financial services
Shipping documents held by the buyer's bank until the buyer has accepted (signed) the draft.
Industry:Financial services
Also known as a "daylight trade." The purchase and sale or the short sale and cover of the same security in a margin account on the same day.
Industry:Financial services
Shipping documents that are released to the buyer once the buyer has paid for the draft.
Industry:Financial services
Establishing and liquidating the same position or positions within one day's trading.
Industry:Financial services
Traders who capitalise on a falling dollar by buying other foreign currencies directly.
Industry:Financial services
Municipal revenue bonds for which quotes are given in dollar prices. Not to be confused with "US Dollar" bonds, a common term of reference in the Eurobond market.
Industry:Financial services
The impact of importing from foreign countries more than exporting to them. The money required to finance the import purchases removes dollars from the importing nation.
Industry:Financial services
