- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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Occurs when a firm invests in assets that are riskier than those that the debtholders expected.
Industry:Financial services
Number of shares authorised for issuance by a firm's corporate charter.
Industry:Financial services
Arises when the stockholders substitute riskier assets for the firm's existing assets and expropriate value from the debtholders.
Industry:Financial services
The option of terminating an investment earlier than originally planned.
Industry:Financial services
The correlation of a variable with itself over successive time intervals. Sometimes called serial correlation.
Industry:Financial services
An interest rate swap used to alter the cash flow characteristics of an institution's assets in order to provide a better match with its liabilities.
Industry:Financial services
Refers to the borrower's ability to make interest and principal payments on debts. See: Fixed charge coverage ratio. In context of municipal bonds, refers to the issuer's present and future ability to create sufficient tax revenue to fulfil its contractual obligations, accounting for municipal income and property values. In context of taxation, notion that tax rates should be determined according to income or wealth.
Industry:Financial services
A protection procedure whereby the Options Clearing Corporation attempts to protect the holder of an expiring in-the-money option by automatically exercising the option on behalf of the holder.
Industry:Financial services
The component of the return that is not due to systematic influences (market-wide influences). In other words, abnormal returns are above those predicted by the market movement alone. Related: excess returns.
Industry:Financial services
An automatic extension of time granted to a taxpayer to file a tax return.
Industry:Financial services
