- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
World's leading financial information-service, news, and media company.
Refers to October 19, 1987, when the Dow Jones Industrial Average fell 508 points on the heels of sharp drops the previous week. On Monday, October 27, 1997, the Dow dropped 554 points. While the point drop set a new record, the percentage decline was substantially less than in 1987.
Industry:Financial services
A model for pricing call options based on arbitrage arguments. Uses the stock price, the exercise price, the risk-free interest rate, the time to expiration, and the expected standard deviation of the stock return. Developed by Fischer Black and Myron Scholes in 1973.
Industry:Financial services
This is stock over which the board of directors has broad authority to determine voting, dividend, conversion, and other rights. While it can be used to enable a company to meet changing financial needs, its most important use is to implement poison pills or to prevent takeover by placement of this stock with friendly investors.
Industry:Financial services
A mortgage that covers at least two pieces of real estate as collateral for the same mortgage.
Industry:Financial services
In the context of a takeover, refers to a tender offer that is priced so attractively that the tender is completed quickly.
Industry:Financial services
Individuals elected by the shareholders of a corporation who carry out certain tasks established in the charter.
Industry:Financial services
The managing body of the Federal Reserve System, set which policies on bank practices and the money supply.
Industry:Financial services
Plus or minus two standard deviations where the standard deviations are calculated historically in a moving window estimation. Hence, the bands will widen if the most recent data is more volatile. If the prices break out of the band, this is considered a significant move.
Industry:Financial services
