- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
World's leading financial information-service, news, and media company.
A promise to sell an asset before the seller has lined up purchase of the asset. This seller can offset risk by purchasing a futures contract to fix the sales price approximately.
Industry:Financial services
A pension plan in which funds are set aside in advance of the date of retirement.
Industry:Financial services
In the context of municipal bonds, refers to the sale of new bonds (the refunding issue) before the first call date of old bonds (the issue to be refunded). The refunding issue usually specifies a rate lower than the issue to be refunded, and the proceeds are invested, usually in government securities, until the higher-rate bonds become callable. See: Refunding escrow deposits.
Industry:Financial services
Money or property given to a person by the deceased before death and intended as an advance against the beneficiary's share in the will.
Industry:Financial services
An independent auditor's opinion expressing that a firm's financial statements do not reflect the company's position accurately. See also: Qualified opinion.
Industry:Financial services
Refers to a situation in which sellers have relevant information that buyers lack (or vice versa) about some aspect of product quality.
Industry:Financial services
Corresponding bank in the beneficiary's country to which an issuing bank sends a letter of credit.
Industry:Financial services
A sworn statement describing the particulars and circumstances of the loss of securities. This affidavit is required before a Bond of Indemnity can be issued and the securities replaced.
Industry:Financial services
Relationship between two companies when one company owns substantial interest, but less than a majority of the voting stock of another company, or when two companies are both subsidiaries of a third company. See: Subsidiaries, parent company.
Industry:Financial services
A corporation that is an affiliate to the parent company.
Industry:Financial services
