Category: Finance Dictionary

Responsibility taken by any party under contract, as per the conditions of the contract.

A mathematical measure that quantifies the sensitivity of an ASSET to large changes in price or YIELD. In OPTION contracts convexity (commonly termed GAMMA) measures the change in DELTA for a change

To jointly sign and endorse. A co-signer of a loan is liable for paying back the debt if the other individuals fail to do so. Co-signing is a way for someone with

A process where creditors with existing CREDIT RISK to a company that has filed a REORGANIZATION plan under BANKRUPTCY protection choose not to participate in the new plan and have their interests

A time frame of 30 to 90 days during which a company that has gone into technical DEFAULT on a contractual payment is permitted to submit payment without further prejudice, and without

An evolving area or law that is applies to computers and the various activities over the internet and networks.

A type of modem that connects a computer or local network to broadband Internet service through the same cable that supplies cable television service or the service connection made via a cable

Shout out or chant (the steps and figures) to people performing a square dance or country dance, cry out to (someone) in order to summon them or attract their attention or summon

A COMPOUND OPTION that grants the buyer the right to purchase an underlying PUT OPTION from the seller of the compound. The option is generally purchased when the need for the underlying

Payments due an employee due to contacting the employee at a time other than the employee’s regular work schedule and requesting the employee to report for work and be ready to perform

Refer to voided bill of lading. This is a B/L canceled on behalf of the cosignor.

A method of preserving food in which the food is processed and sealed in an airtight container. The process was first developed as a French military discovery by Nicolas Appert in 1810.

A NOTE issued by a BANK or bank holding company that can qualify as TIER 2 CAPITAL. To be included in the Tier 2 computation, the security must be structured as a

This is the total selling price of the vehicle you are leasing. There are other fees included like taxes, license fees, and title and acquisition fees.

A product made specifically to be used with another, such as a refill with a ball-point pen, a blade with a razor, a battery with a torch, etc.

A trading system for countries, companies and individuals designed to offset carbon emissions from one activity with another, whereby those who cannot meet their emissions goals may purchase credits from those who

The combination of structured planning and the active management choice of one’s own professional career.

It means transfer of balance to new page or next day starting point of account or next month’s starting point of account’s balance.

A light box or container, typically one made of waxed cardboard or plastic in which drinks or foodstuffs are packaged.

An award given to an employee or contestant in the form of cash. Cash awards can either be the only award option or taken in lieu of a tangible item.