- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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Principle that a nation may not be tried in another country without its consent.
Industry:Financial services
A bank account that pays interest according to the number of days that the money is actually on deposit.
Industry:Financial services
A loan from a bank to a broker prior to the delivery of securities. Upon the delivery of the securities, a day loan becomes a regular broker call loan for which securities serve as collateral.
Industry:Financial services
Commercial paper backed by normal bank lines of credit plus a letter of credit from a bank stating that it will pay off the paper at maturity if the borrower defaults. Such paper is also referred to as L.O.C. paper.
Industry:Financial services
In the context of general equities, request from a customer to either buy or sell stock, that, if not canceled or executed the day it is placed, expires automatically. All orders are day orders unless otherwise specified. Traders often make calls before the opening to check for renewals.
Industry:Financial services
Shipping documents held by the buyer's bank until the buyer has accepted (signed) the draft.
Industry:Financial services
Also known as a "daylight trade." The purchase and sale or the short sale and cover of the same security in a margin account on the same day.
Industry:Financial services
Shipping documents that are released to the buyer once the buyer has paid for the draft.
Industry:Financial services
Establishing and liquidating the same position or positions within one day's trading.
Industry:Financial services
