NON-CONCURRENCY
When insurance policies are not properly arranged and do not give enough protection.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
When insurance policies are not properly arranged and do not give enough protection.
A term meaning our account. It is used by foreign banks to handle its local currency.
When a repurchace agreement has no maturity and can be cancelled with 24 hours notice.
When an assets price is lower than the strike price.
The value of a security at the time of issuance.
When national currency gets its value from another countries currency system. Or when a security company tries to keep its prices close to par value. Refer to crawling peg and managed foreign
A plus + placed on a record when a security is sold at a higher price than previously considered. This initiates a short sale. AKA uptick. Refer to minus, zero plus, and
When assets are greater than liabilies. Refer to gap, gapping, and negative gap.
Early mortgage payment due to the sale of the home or refinancing to get a better interest rate. Refer to model and speed.
A captive where individual accounts called cells are used for selfinsurance. The cells are seperated by statute protecting them from loss. Refer to agency, group, pure, senior, sister and renta captive.
An option that pays the ending price if it is below strike price. Otherwise there is no payoff.
A hostile buyer who tries to buy another company. They usually strip assets or get greenmail payments. This was common in the 1980s but there are still buyers like this out there.
Regrouping principal and interest after it has been stripped. This creates arbitrage opportunities. This happens when longterm securities are split into zero coupon bonds. Refer to stripping.
Renegotiating a loan with new terms that help the debtor avoid foreclosure. Refer to renegotiated loan.
A loan given to a municipalities project that is repaid by revenue from the project itself such as a toll road. Refer to general obligation bond.
A bullish signal shown by charting rising prices and an increasing support level. Refer to ascending top, descending bottom, and falling top.
Preserving a portion of financial and/or operating risk as opposed to transferring or hedging. Refer to hedging, retention, group, risk transfer, and selfinsurance.
When an exchange traded derivative is bought and sold quickly.
The graphing of the relationship between the risk and the return of a specific investment at a specific time with the slope of the line indicating the market risk.
A measurement, through standard deviation, comparing a portfolio