ROLL DOWN
The closing of an option to obtain a lower strike price. Refer to roll forward and roll up.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
The closing of an option to obtain a lower strike price. Refer to roll forward and roll up.
An established investment that has been in the secondary market long enough for there to be a history making it relatively predictable and safe.
A captive with greater tax benefits that acts as expanded pure captive. Refer to agency captive, group captive, protected cell company, rentacaptive, and sister captive.
A coupon associated with the first inerest payement on a bond or note. Any payments made afterward are done in a normal semiannual or annual monthly cycle.
A firm that is failing that becomes a prime takeover possibility.
Finite reinsurance where premium is paid to an experience account every year for the contracts duration. The account generates a rate that covers loss. If anything is left at maturation it is
A government requirement that contractors, businesses, and fiduciaries whose work affects public interest maintain a security bond to ensure sufficient fortification in case the contract individual breaks contract.
A US market Separate Trading of Registered Interest and Principal Securities.
The contract syndicate members agree to. It designates the structure, rules, and time period. AKA underwriting agreement. Refer to subscription agreement.
The yield on tax free securities. It is compared with taxable investment opportunities. Refer to yield to maturity, yield to call, simple yield, bond equivalent yield, and discount yield.
A marketplace for trading over the counter interests. Or exchanging between nonmember firms.
An index of all the stock on the Japanese stock exchange. It is subdivided by size and industry.
A chart that looks like a triangle. The price changes are shown as two points on the bottom and one at the top. Any breakout from the triangle indicates a move upward
When a company in financial distress is urged to invest in low risk low return opportunites. This move protects the position of the firm.
When an institution takes collateral from the borrower right away to cover losses. Refer to periodic collateral.
A strategy that uses volatility rather than market direction. Refer to directional strategy.
An employee who turns against their superiors to bring an problem out in the open.
A yield curve showing discounts for maturities from a starting point to present. This is done through stripping the yield curve.
An event that suspends coupon interest and principal when losses meet the agreed upon amount. This is also called an index or parametric trigger.
The first public offering of a companies stock in the market. A retail client will buy the stock and sell it to their customers. Refer to addon and rights issues.