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.
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.
When two assets prices are averaged together to make the basic price more stable.
A company selling stock to raise profits. Also called a corporation or a public limited company.
Stating that a right is subordinate to another right. A second mortgagee’s right is subordinate to the primary mortgagee’s right. A claim lower in precedence than a prior or senior claim. An
To achieve uninterrupted single-piece flow through an entire manufacturing process, Just-in-time (JIT) becomes just-on-time, as successive downstream activities immediately follow previous upstream activities.
Also referred to as a HR-10 plan. A plan that allows those who are self-employed to set up a retirement plan and have access to tax benefits comparative to the benefits offered
Business analysts evaluate a firm’s financial position and income using these financial performance measures. They are reliably indicate management competence, specifically when compared to previous periods or against a competitor’s ratios. Net
Parents usually dip into retirement monies to offset extra bills when an adult child returns home unable to live because the expense is too great.