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Financial Terms | |
Agency basis |
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Definition of Agency basisAgency basisA means of compensating the broker of a program trade solely on the basis of commission
Related Terms:accrual-basis accountingWell, frankly, accrual is not a good descriptive AgencyA grouping of sales producers according to region. Compare with Branch. Agency bankA form of organization commonly used by foreign banks to enter the U.S. market. An agency Agency cost viewThe argument that specifies that the various agency costs create a complex environment in Agency costsThe incremental costs of having an agent make decisions for a principal. Agency pass-throughsMortgage pass-through securities whose principal and interest payments are Agency problemConflicts of interest among stockholders, bondholders, and managers. ![]() agency problemsConflicts of interest between the firm’s owners and managers. Agency theoryThe analysis of principal-agent relationships, wherein one person, an agent, acts on behalf of Bank discount basisA convention used for quoting bids and offers for treasury bills in terms of annualized BasisRegarding a futures contract, the difference between the cash price and the futures price observed in the Basis pointIn the bond market, the smallest measure used for quoting yields is a basis point. Each percentage Basis PointOne one-hundredth of one percent Basis pointOne hundredth of one percentage point, or 0.0001. Basis PointOne one-hundredth of a percentage point, used to express variations in yields. For example, the difference between 5.36 percent and 5.38 percent is 2 basis points. Basis pricePrice expressed in terms of yield to maturity or annual rate of return. ![]() Basis riskThe uncertainty about the basis at the time a hedge may be lifted. Hedging substitutes basis risk for Bond-equivalent basisThe method used for computing the bond-equivalent yield. Cost basisAn asset’s purchase price, plus costs associated with the purchase, like installation fees, taxes, etc. Discounted basisSelling something on a discounted basis is selling below what its value will be at maturity, Federal agency securitiesSecurities issued by corporations and agencies created by the U.S. government, Fiscal agency agreementAn alternative to a bond trust deed. Unlike the trustee, the fiscal agent acts as an Fixed price basisAn offering of securities at a fixed price. Flow-through basisAn account for the investment credit to show all income statement benefits of the credit Formula basisA method of selling a new issue of common stock in which the SEC declares the registration Price value of a basis point (PVBP)Also called the dollar value of a basis point, a measure of the change in Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |