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

Category: T

TABULAR PLAN

A rating plan deriving a formula for rating from various tables.

TAKEOVER BATTLE

The circumstances where one company resists its acquisition by another company.

TARGET LEVERAGE RATIO

The money amount that a company can pay off for expenses and not compromise the revenue earned.

TARIFF CONCESSION SCHEME

The Australian Tax that is levied on all imported goods that do not contain any materials that have been produced locally.

TACACS

Terminal Access Controller Access control System. Security protocoling authenticating and identifying computer identities. Developed by Cisco Systems as an alternate to RADIUS.

TAKES PRICE

The amount that a seller needs to raise for a buyer; or the price that needs to be lowered for the seller so the counter party will accept the offer.

TARGET MARKET

The particular segment of the market that is the focus for a marketing campaign.

TARIFF ESCALATION

Situation where import duties on components are lowest and then they increase towards the finished goods. See tariff anomaly.

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.

TOM NEXT

When a transaction on the foreign exchange or money market that is processed the next day. AKA dealing over tomorrow and rollover.

TRIGGER

An event that sends up a warning to an investor to buy or sell.

TEASER

A low interest rate or a high deposit rate used to entice investors. After several quarters the normal rates apply.

TIDE PROVISION

When directors evaluate their poison pill defences every three years.

TOMBSTONE

The report generated for a security at its maturation date. It shows the details of the transaction and the issuer.

TRIPLE TRIGGER

An insurance payout that happens if three specific triggers occur. The first one is related soley to an insurance risk while the second and third can be financial or insurance related. Refer

TEENY

The smallest amount that can be traded in bonds and securities.

TIER 1 CAPITAL

A banks core capital in the form of stocks, earnings, and reserves. Refer to tier 2 capital and economic capital.

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