A sway exchanging periodic payments for one lump payment at maturation.
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A yield curve showing discounts for maturities from a starting point to present. This is done through stripping the yield curve.
Level of prevention of defects where output is within limits.
Industrial processes that won’t release any toxic or harmful material into the environment.
Share receiving a fixed sum on redemption.
A stock that will return a set amount until it matures.
Stage of ‘just in time inventory control’ where any waste is removed and only on hand and required inventory is available.
Information technology. No time lag between information exchange to interfaces or the instant response to input.
Firm responding to events as they happen as information between departments is exchanged with no delay.
When a security sells at the price the last transaction had. This price is lower than the transaction prior to that one. Refer to minus tick, plus tick and zero plus tick.
Selling a security at the same price as the last time but higher than the one prior to it. Refer to minus tick, plus tick, and zero minus tick,
Services and products exempt from value added tax.
Decision theory. Where a participant’s gain equals another’s loss. Also known as constant sum game. See negative or positive sum game.
Transaction at the same price as one before it but higher than the one before that.
Municipal stock is traded for a different financial security.
Bond that (1) pays no interest but is sold subpar, (2) interest paying bond stripped of its coupon. Also known as non-interest bearing bond, zero interest bond, zero rated bond.
Used in small businesses and by individuals. Method of bookkeeping with a zero balance at end of the accounting period.
Proceeding by inquiry. Enc. Lond.
Rogues and vagabonds in the middle ages; from Zigi, nowCircassia.
Code established by US Postal service to indicate each location. Has since been made 9 digits allowing more accurate identification of a location. Stands for Zoning Improvement Plan.