- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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The performance of a predetermined set of securities, used for comparison purposes. Such sets may be based on published indexes or may be customised to suit an investment strategy.
Industry:Financial services
Use of an inappropriate proxy for the true market portfolio.
Industry:Financial services
Also called the base interest rate, it is the minimum interest rate investors will demand for investing in a non-Treasury security. It is also tied to the yield to maturity offered on the comparable-maturity Treasury security that was most recently issued (on-the-run).
Industry:Financial services
Also called on-the-run or current-coupon issue or bellwether issues. In the secondary market, the benchmark issue is the most recently auctioned Treasury issues for each maturity.
Industry:Financial services
Used for listed equity securities. 1) Behind; 2) Lower in price.
Industry:Financial services
Often used in risk arbitrage. Person who enjoys the benefits of ownership even though title is in another name. (Abused through the illegal use of a parking violation.)
Industry:Financial services
Term used to refer to the person who receives the benefits of a trust or the recipient of the proceeds of a life insurance policy.
Industry:Financial services
A method of securities distribution/underwriting in which the securities firm agrees to sell as much of the offering as possible and return any unsold shares to the issuer. As opposed to a guaranteed or fixed-price sale, in which the underwriter agrees to sell a specific number of shares (and holds any unsold shares in its own account if necessary).
Industry:Financial services
The requirement that a claim holder voting against a plan of reorganisation must receive at least as much as if the debtor were liquidated.
Industry:Financial services
