- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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Heavy federal borrowing that drives interest rates up and prevents businesses and consumers from borrowing when they would like to.
Industry:Financial services
In the context of general equities, cannot accommodate customers at that price level (i.e., compete with other market makers), often because there is no natural opposite side of the trade.
Industry:Financial services
Intra- or intermarket rivalry between or among businesses trying to obtain a larger piece of the same market share.
Industry:Financial services
A particularly profitable or otherwise particularly valuable corporate unit or asset of a firm. Often used in risk arbitrage. The most desirable entities within a diversified corporation as measured by asset value, earning power, and business prospects; in takeover attempts, these entities typically are the main objective of the acquirer and may be sold by a takeover target to make the rest of the company less attractive. See: Scorched earth policy.
Industry:Financial services
In the context of general equities, inability to finish an order on a principal or agency basis, given prevailing price instructions and/or market conditions.
Industry:Financial services
Often used in risk arbitrage. Situation whereby another OTC market maker has transacted with investment bank at the stated market level before the bid/offer has been made.
Industry:Financial services
With dividend; said of a stock whose buyer is eligible to receive a declared dividend. Stocks are usually "cum dividend" for trades made on or before the fifth trading day preceding the record date, when the register of eligible holders is closed for that dividend period. Antithesis of ex-dividend.
Industry:Financial services
An upper limit on the interest rate on a floating-rate note (FRN) or an adjustable-rate mortgage (ARM).
Industry:Financial services
One of two categories of bidders on Treasury securities: competitive and noncompetitive. Competitive bidders are usually financial institutions.
Industry:Financial services
