SECONDARY RESERVES
Very liquid funds in excess of those required to be held as an emergency buffer.
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Very liquid funds in excess of those required to be held as an emergency buffer.
A computation of the expected potential of loss to determine premium rates.
An individual that encourages a short sale. This is done assuming the price will decline.
When excess risk capacity lowers premiums. This causes an expansion of business due to a more affordable premium rate. The extra capital is used to cover the new risk. Refer to hard
When investors sell commodities that suddenly increase in price leading to distorted prices. Refer to short squeeze.
Selling securities once a determined price level is obtained to protect an investor
Loss that occurs when clients are mismatched with investment opportunites. Refer to ultra vires.
The right to protect minority interest in the event of a hostile takeover bid. If the bid passes the minority can join the majority. Refer to drag along rights.
A syndicate of banks that sells notes for an issuer. They purchase the remaining unsold securities.
Daily change effecting the time value of a premium.
Stock with no voting or ownership rights. It is traded and priced independantly of a companies primary stock offerings..
A option that is ended when a barrier is breached. The addition of two options makes this option cheaper. Refer to barrier option and twin in barrier option.
The difference between the price paid and the price offered by investors. Refer to selling concession.
The estimate of how much a portfolio will lose at market risk. It measures shortcomings and uncertainty. Refer to back testing, maximum loss, and profit and loss explain.
Stock of a company whose assets are overvalued. The price does not accurately represent the companies position.
When only a oneway quote is available for a security.
The trading range of a security whose status is pending.
Allows the buyer a pay as you go contract.
A bank started in 1956 to help third world development through loans.
Every financial transaction hat meets defined requirements has this prepared, written authorization.