- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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A closed-end fund that has a fixed termination or maturity date.
Industry:Financial services
A component of some finance charges, such as the fee for triggering an overdraft checking account into use.
Industry:Financial services
A period of slow economic growth, or, in securities trading, a period of inactive trading.
Industry:Financial services
Customized hybrid instruments created by blending an underlying price on a cash instrument with the price of a derivative instrument. It is a combination of security holdings that mimics the price movement of another single security (i.e., synthetic call: long position in a stock combined with a put on that position; a protected long sale; synthetic put: short position in a stock combined with a call on that position; a protected short sale).
Industry:Financial services
The value of a bond at maturity, typically its par value, or the value of an asset (or an entire firm) on some specified future valuation date. Usually, a perpetuity formula is used. For example, suppose we forecast cash flows through year 10. We make an assumption that year 11 and beyond will be no growth (except for inflation). If the cash flow forecast for year 11 is 100, the firm's discount rate is 12%, and inflation is expected to be 2%, we use the formula V10 = CF11/(disc rate-inflation). Hence, the value is 100/(0.12 - 0.02) that is 1,000. This cash flow needs to be brought back to present value using the formula 1000/(1.12)10, which is 321.97. Note the importance of the inflation assumption.
Industry:Financial services
A percentage of a municipal or corporate bond underwriting that is allocated for handling by a minority-owned broker/dealer firm.
Industry:Financial services
All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government.
Industry:Financial services
The part of a sales contract that indicates the point at which title and risk of loss of merchandise pass from the seller to the buyer. See: Incoterms.
Industry:Financial services
View of corporation as a set of contracting relationships among individuals who have conflicting objectives, such as shareholders or managers. The corporation is a legal construct that serves as the nexus for the contracting relationships.
Industry:Financial services
