STRIPPING THE YIELD CURVE
Taking a par yield curve and turning it into a zero coupon yield curve so the firm doesn
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
Taking a par yield curve and turning it into a zero coupon yield curve so the firm doesn
Short term back up credit given to a borrower as needed. They are used when commercial paper issuers when investors won’t roll over maturing paper. AKA backup line.
UK government bills sold to their own entities. No gilt edge market makers are used.
A market that is illiquid. It has low volume, high spreads, and high volatility. Refer to tight market.
An offer to deposit into the Tokyo market. It is used as a reference.
Comparing the risk premium and risk of a portfolio. It uses the security market line as the benchmark.
A new issue with little interest in it. The price and deal terms must be changed in order to change this.
An option that ends an european option if the price goes beyond a barrier. If the barrier is not crossed the european option is safe. Refer to down and in, down and
Any good brought into or shipped out of a country. A key element in balance of trade or balance of payment accounts. Refer to invisible.
Stock of a target company of hostile takeover. Price and volume will be erratic due to the rumor.
The final speculation of a japanese company to boost nonoperating income.
A contract that repays the insurer losses back to them. Also called indemnity, or valued contract.
Security paid to protect a clearinghouse and to support loans. Refer to clearing, variation, and maintenance margin.
When executives sit on eachothers boards. They are considered independant. Refer to filz and interlocking directorate.
Constantly buying assets to boost profits.
This practice, only regulated in Canada, is for a company issuing stock options instead of being an operational business structure.
For quicker response to customer needs with no large finished goods or goods-in-process inventories, JIT inventory system is applied to production lines.
Irish physicist William Thomson (1824-1907),honored as 1st Baron Kelvin (Lord William Kelvin), developed this scale. Temperature scale beginning at absolute zero (273.15
Keyboard or keypad driven computerized data entry. Prior to PCs, to issue commands or store data in the era of mini or mainframe computers, key punching was actual punching of holes in
Pre-launch gathering of stakeholders and prime movers of a program or project. Agenda is strategy, direction, roles, goals, and objectives.