- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
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Refers to investments in hedge funds. Many hedge funds pursue strategies that are uncommon relative to mutual funds. Examples of alternative investment strategies are: long-short equity, event driven, statistical arbitrage, fixed income arbitrage, convertible arbritage, short bias, global macro, and equity market neutral.
Industry:Financial services
Variations of mortgage instruments such as adjustable-rate and variable-rate mortgages, graduated-payment mortgages, reverse-annuity mortgages, and several seldom-used variations.
Industry:Financial services
Used in context of general equities. Order giving a broker a choice between two courses of action, either to buy or sell, never both. Execution of one course automatically eliminates the other. An example is a combination buy limit/buy stop order, where the buy limit is below the current market and the buy stop is above. If the order is for one unit of trading, when one part of the order is executed on the occurrence of one alternative, the order on the other alternative is to be treated as cancelled. If the order is for an amount of more than one unit of trading, the number of units executed determines the amount of the alternative order to be treated as cancelled. See: Either-or order.
Industry:Financial services
An option that may be exercised at any time up to and including the expiration date. Related: European option
Industry:Financial services
Securities certificates issued in the US by a transfer agent acting on behalf of the foreign issuer. The certificates represent claims to foreign equities.
Industry:Financial services
An option contract that can be exercised at any time between the date of purchase and the expiration date. Most exchange-traded options are American style.
Industry:Financial services
The pool factor implied by the scheduled amortisation assuming no prepayments.
Industry:Financial services
Swap in which the principal or notional amount rises (falls) as interest rates rise (decline).
Industry:Financial services
All currency issued by the Bureau of the Mint and intended as a medium of exchange. Coins sold by the Bureau of the Mint at premium prices are not included; uncirculated coin sets sold at face value plus handling charge are included.
Industry:Financial services
Employee of a brokerage or fund management house who studies companies and makes buy-and-sell recommendations on stocks of these companies. Most specialise in a specific industry.
Industry:Financial services