NON-ADMITTED INSURER
An insurer not allowed to sell insurance in the insurers state.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
An insurer not allowed to sell insurance in the insurers state.
Stock that cannot be converted into voting stock.
Buying and selling government bonds to influence interest rates and monetary supply.
Computing risk based on future credit exposure.
Investment capital that came in the form of stock, public offering, or addon.
When the payer can choose to pay fixed rates rather than floating rates. This occurs when the strike price have a high interest rate. Refer to reciever swapation.
The foreign exchange quotes fifth decimal point.
When an asset earns more than it costs to maintain it. Refer to negative carry.
When a company quickly buys a block of stock offering a premium to shareholder. Refer to dawn raid or saturday night special.
A written promise to pay a debt by a specific date. It can be turned to cash by transferring it to another party. See, What Is a Promissory Note? A Legal Guide
A loan whose collateral is securites that has to follow margin rules. The returns are used to purchase other securities. AKA margin loan. Refer to nonpurpose loan.
The difference between the bid and offer amount. The transaction has not yet occured. Refer to effective and realized spread.
Restructuring a company to create more equity and reduce debt. The company may be solvent or filing for bankruptcy. Or reorganizing the voting abilities of stock. AKA deleveraging. Refer to dual class
When an asset is repurchased by a lender the borrower must pay this interest rate. It is usually lower than before since it is secured by collateral.
The total, unadjusted return generated for shareholders by a firm during an identified period of time. Refer to risk adjusted return on capital.
When a holding is at its highest price and a firm will benefit from selling it.
The higher payments made to a firm that invests in high risk ventures with the possibility of default. AKA risk margin. Refer to premium.
A risk reducing strategy that involves closing out nearby or next nearby derivative contracts and then repurchasing to push out the maturity date. AKA stack and roll. Refer to strip hedge.
A relatively rare form of stock that sits between prior preferred stock and common stock.
The completion of a transaction by a certain date. Refer to joint and several.