- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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The fact that future inflation rates are not known. It is a possible contributing factor to the makeup of the term structure of interest rates.
Industry:Financial services
An arrangement by which a group of currencies maintain a fixed relationship relative to each other, but move jointly relative to another currency in response to supply and demand conditions in the exchange market.
Industry:Financial services
The maximum percentage of the value of securities that a broker can lend to a margin account customer, as dictated by the Federal Reserve Board in Regulation T.
Industry:Financial services
Expenses that cannot be adjusted or eliminated such as car payments or rental payments. Antithesis of flexible expenses.
Industry:Financial services
A form of business organization that falls between a corporation and a partnership. The company sells stock, and its shareholders are free to sell their stock, but shareholders are liable for all debts of the company.
Industry:Financial services
Securities lent interest-free between brokers to cover customers' short sale positions.
Industry:Financial services
Agent whose primary task is to disseminate and explain the details of capital transactions.
Industry:Financial services
Municipal bond underwriting in which the account is undivided and syndicate members are responsible for unsold bonds in proportion to their participation, regardless of how many bonds they may have already sold. A firm with 20% of the account is responsible for selling 20% of the unsold bonds even if has already sold 25% of the total debt issue, for example. See: Severally but not jointly.
Industry:Financial services
