- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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The premium offered above the current market price in a tender offer.
Industry:Financial services
Tax returns of married persons who choose to file their returns individually, usually because this approach produces lower overall tax payments.
Industry:Financial services
A strategy that involves a position in one or more options so that the cost of buying an option is funded entirely or in part by selling another option in the same underlying. Also called spreading.
Industry:Financial services
An extension of cash flow matching that allows for the short-term borrowing of funds to satisfy a liability prior to the liability due date, reducing the cost of funding liabilities.
Industry:Financial services
Long-term notes and bonds divided into principal and interest-paying components, which may be transferred and sold in amounts as small as $1000. STRIPS are sold at auction at a minimum par amount, varying for each issue. The amount is an arithmetic function of the issue's interest rate.
Industry:Financial services
Information available at the same time. To test option-pricing models, the price of the option and of the underlying should be synchronous and reflect the same moment in the market.
Industry:Financial services
The property that portfolio choice can be divided into two independent tasks: (1) Determination of the optimal risky portfolio, which is a purely mathematical problem, and (2) the personal choice of the best mix of the optimal risky portfolio and the risk-free asset, which depends on a person's degree of risk aversion.
Industry:Financial services
A trust in which the trustee decides how to distribute trust income among a group of designated people.
Industry:Financial services
