- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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Actual forward rate expressed in dollars per currency unit, or vice versa.
Industry:Financial services
An illegal brokerage firm that accepts customer orders but does not attain immediate executions. A bucket shop broker promises the customer a certain price, but waits until a price discrepancy is present and the trade is advantageous to the firm and then keeps the difference as profit. Alternatively, the broker may never fill the customer's order but keep the money.
Industry:Financial services
The amount by which government revenues exceed government pending.
Industry:Financial services
In the context of general equities, develop customer orders to gather demand/supply in order to make a bid or an offer. Also refers to a commissioned salesperson amassing a 'book' of regular clients.
Industry:Financial services
A mortgage loan on newly developed property that the builder subsidises during the early years of the development. The builder uses cash to buy down the mortgage rate to a lower level than the prevailing market loan rate for some period of time. The typical buydown is 3% of the interest rate amount for the first year, 2% for the second year, and 1% for the third year (also referred to as a 3-2-1 buydown).
Industry:Financial services
A tier of firms in an underwriting syndicate that have the highest participation level. See: Mezzanine bracket.
Industry:Financial services
Bond whose principal repayment is linked to the price of another security. The bonds are issued in two tranches: In the first tranche repayment increases with the price of the other security, and in the second tranche repayment decreases with the price of the other security.
Industry:Financial services
