Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: T

TACTICAL PLAN

Steps and tactics required to achieve goals defined in the strategic plan.

TAMPERING

1. Law. Improper or illegal alteration with evidence or documents, meddling with a witness. 2. Quality control. Adjusting a process continually in order to compensate for output variations.

TANNING

A chemical treatment that removes any soft, perishable proteins from animal hides and skins that convert it into a durable and flexible leather.

TARGET ORGAN TOXIN

A substance that won’t effect the whole body but will attack an organ or body system.

TARIFF WAR

The counter balancing of tariff rates by one country that is a retaliatory act in relation to another country to gain advantages in trade.

TACTICAL PLANNING

The systematic and determination of short term or immediate activities needed to achieve strategic planning objectives.

TANDEM PLAN

A US subsidized mortgage program where loans enable developers and builders to create not for profit public housing.

TAP CD

A certificate of large denomination of deposit that is issued at the investor’s request.

TARGET PAYOUT RATIO

The amount of money wanted by a company to be able to pay out dividends to its investors.

TASK

The essential and smallest part of a job that is a unit of work differentiating from other parts of the project.

TAG ALONG RIGHTS

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.

TENDER PANEL

A syndicate of banks that sells notes for an issuer. They purchase the remaining unsold securities.

TIME DECAY

Daily change effecting the time value of a premium.

TRACKING STOCK

Stock with no voting or ownership rights. It is traded and priced independantly of a companies primary stock offerings..

TWINOUT BARRIER OPTION

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.

TERM LOAN

A loan that lasts between 1 and 10 years. It has a specific amount to be repaid on a schedule at floatin interest. Refer to theta and time decay.

TIME DEPOSIT

A deposit made by a bank to pay coupons. This is done until maturity when the funds can be accessed. Refer to lockup certificate of deposit, certificate of deposit, interbank deposit, and

TRANCHE

A portion of securities with a unique set of characteristics. They are used in securitization.

TWIST

Moving a yield curve up or down to adjust the value of a portfolio or a fixed income transaction. This is done using basis points to move the long and short term

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