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

Category: T

TABLOID

A newspaper that is roughly half the size of a regular paper, 12×14 inches in size.

TAILORING

Adaptation of requirements to current needs of operation by deleting, modifying and supplementing without any deviation from the norm. See also deviation.

TANGIBLE COST

The amount that is assigned to the area of business operations like supply payment.

TARGET FINISH DATE

Calendar date when a project is to be completed. It starts as an estimate and may be changed as the date nears.

TARGETING STRATEGY

Selection of customers by a business wishing to sell services or products. Use market segments and choosing which ones to target.

TABULAR

A term referring to anything that is derived from or having to do with tables.

TAKEOUT COMMITMENT

Written promise where the lender provides long term financing to replace a short term loan or bridge finance. Also known as Takeout agreement opt Takeout loan.

TANGIBLE NET WORTH

A firm’s equity capital calculated by deducting liabilities, prepaid expenses, goodwill and start up and deferred costs from a net total of assets.

TARGET INCOME

Amount of revenue that a company wants to generate in the current accounting period.

TARIFF ANOMALY

Situation where import duties on raw materials, components or partly completed goods are greater than on the finished goods. See tariff escalation.

TAP ISSUE

UK government bills sold to their own entities. No gilt edge market makers are used.

THIN MARKET

A market that is illiquid. It has low volume, high spreads, and high volatility. Refer to tight market.

TREYNOR INDEX

Comparing the risk premium and risk of a portfolio. It uses the security market line as the benchmark.

TAXABLE EQUIVALENT YIELD

The yield on tax free securities. It is compared with taxable investment opportunities. Refer to yield to maturity, yield to call, simple yield, bond equivalent yield, and discount yield.

THIRD MARKET

A marketplace for trading over the counter interests. Or exchanging between nonmember firms.

TRIANGLE

A chart that looks like a triangle. The price changes are shown as two points on the bottom and one at the top. Any breakout from the triangle indicates a move upward

TEARUP PRICE

The closeout price of a derivative. It is used to calculate profit spread. AKA unwind price.

TICK VALUE

The value of a derivative contract at single price increment.

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