SPAN OF CONTROL
The number or persons that a manager has control over that varies with the type of work involved.
Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.
The number or persons that a manager has control over that varies with the type of work involved.
A meeting of share holders called in order to discuss a specific matter that has ben stated in the meeting notice.
A German loan with transferable interest rates among investors.
When brokers sell products from another firm illegaly. The client will not have any recourse against the originating company.
Borrowing securites to sell them short to protect the long position. This is a constructive sale and creates capital gains liability.
An extension of the pure captive by an insurer or reinsurer that writes insurance to cover companies that form an
A market exchange currently taking place. Refer to market, price, and rate.
The assumption of liability by a bank that receives a fee for guaranteeing payment to investors in the event a firm doesn
A prediction of future cash flows and directional and curve risks of over the counter or exchange traded options. Refer to rolling hedge.
A short term buying and selling strategy. It takes advantage of the overreactions. Refer to position trading.
The attempt of a takeover target to make itself look undesirable by threatening to liquidate or destroy assets in the event of a hostile takeover. Refer to crown jewel defense, dead hand
Liquidating a loan or derivative when a payment is not recieved. This causes contract or loan cancellation.
When the futures rate is lower than the forward rate. This means the cash market is underpriced and the asset is bought while selling the futures. Refer to long arbitrage.
Assets or securities that are offered in a large quantity or a change in an assets position.
A strategy whereby several financial factors combine to expose or protect the price of a commodity. Refer to bull spread, bear spread, effective spread, quoted spread, and realized spread.
A contract where additional shares of a target will not be purchased by a raider or acquiring firm until a mutual agreement can be accomplished.
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.
An established investment that has been in the secondary market long enough for there to be a history making it relatively predictable and safe.
A captive with greater tax benefits that acts as expanded pure captive. Refer to agency captive, group captive, protected cell company, rentacaptive, and sister captive.