- Industri: Financial services
- Number of terms: 73910
- Number of blossaries: 1
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An agreement in which one party sells a security to another party and agrees to repurchase it on a specified date for a specified price. See: Repurchase agreement.
Industry:Financial services
The sale of existing properties to new limited partners, so that they can receive the tax advantages that are no longer available to the old partners.
Industry:Financial services
The percentage by which the conversion value of a convertible security exceeds the redemption price (strike price).
Industry:Financial services
Relationship of substantial reward corresponding to the amount of risk taken; mathematically represented by dividing the expected return by the standard deviation.
Industry:Financial services
Also called a prerefunded bond, a bond that originally may have been issued as a general obligation or revenue bond but that is now secured by an escrow fund consisting entirely of direct U.S. government obligations that are sufficient for paying the bondholders.
Industry:Financial services
Written or oral confirmation that all or part of one's order has been executed, including the price and size parameters of the trade being reported; often followed by a fresh picture.
Industry:Financial services
Individual and institutional customers as opposed to dealers and brokers.
Industry:Financial services
Right of the issuer to force holders on a certain date to redeem their convertibles for cash. The objective usually is to force holders to convert into common prior to the redemption deadline. Typically, an issue is not called away unless the conversion price is 15%-25% below the current level of the common. An exception might occur when an issuer's tax rate is high, and the issuer could replace it with debt securities at a lower after-tax cost.
Industry:Financial services
