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Definition of Call date
A date before maturity, specified at issuance, when the issuer of a bond may retire part of the bond
The price, specified at issuance, at which the issuer of a bond may retire part of the bond at a
The percentage rate of a bond or note, if you were to buy and hold the security until the call date.
The bond yield computed by using the lower of either the yield to maturity or the yield to call
date on which particular news concerning a given company is announced to the public.
An option that gives the right to buy the underlying futures contract.
To exercise a call option.
Also called the broker loan rate , the interest rate that banks charge brokers to finance
An option contract that gives its holder the right (but not the obligation) to purchase a specified
The price for which a bond can be repaid before maturity under a call provision.
A feature of some callable bonds that establishes an initial period when the bonds may not be
An embedded option granting a bond issuer the right to buy back all or part of the issue prior
The combination of cash flow uncertainty and reinvestment risk introduced by a call provision.
A swaption in which the buyer has the right to enter into a swap as a fixed-rate payer. The
A financial security such as a bond with a call option attached to it, i.e., the issuer has the right to
A short call option position in which the writer owns the number of shares of the underlying
Covered call writing strategy
A strategy that involves writing a call option on securities that the investor
Date of payment
date dividend checks are mailed.
Date of record
date on which holders of record in a firm's stock ledger are designated as the recipients of
Treating cash flows as being received on exact dates - date 0, date 1, and so forth - as
The date on which a firm's directors meet and announce the date and amount of the next
A provision that prohibits the company from calling the bond before a certain date. During this
Effective call price
The strike price in an optional redemption provision plus the accrued interest to the
In an interest rate swap, the date the swap begins accruing interest.
The last day (in the case of American-style) or the only day (in the case of European-style)
The day on which the first option either expires or is extended.
The first day of trading when the seller, rather than the buyer, of a stock will be entitled to
The date on which a share of common stock begins trading ex-rights.
With CMOs, the start of the cash flow cycle for the cash flow window.
In the Euromarket the standard periods for which Euros are traded (1 month out to a year out) are
The date on which holders of record in a firm's stock ledger are designated as the
The right of the homeowner to prepay, or call, the mortgage at any time.
Usually the date when goods are shipped. Payment dates are set relative to the invoice date.
Irrational call option
The implied call imbedded in the MBS. Identified as irrational because the call is
A demand for additional funds because of adverse price movement. Maintenance margin
The day the option is either exercised or expires.
The date on which each shareholder of record will be sent a check for the declared dividend.
Projected maturity date
With CMOs, final payment at the end of the estimated cash flow window.
Provisional call feature
A feature in a convertible issue that allows the issuer to call the issue during the noncall
Put-call parity relationship
The relationship between the price of a put and the price of a call on the same
1) date by which a shareholder must officially own shares in order to be entitled to a dividend.
The date on which payment is made to settle a trade. For stocks traded on US exchanges,
In an interest rate swap, the date that the counterparties commit to the swap. Also, the date on
A short call option position in which the writer does not own shares of underlying stock
In the market for Eurodollar deposits and foreign exchange, value date refers to the delivery date
The date on which the board of directors has declared a dividend.
The date established for the payment of a declared dividend.
The date used to decide which shareholders will receive the dividend. The owners of the shares at the end of this day are entitled to the dividend.
acid test ratio (also called the quick ratio)
The sum of cash, accounts receivable, and short-term marketable
net income (also called the bottom line, earnings, net earnings, and net
A contract that gives the holder the right to buy an asset for a
when the incremental revenue from the sale of reworked defective units is greater than
a. An option to buy a certain quantity of a stock or commodity for a
A bond that allows the issuer to buy back the bond at a
The dates when the coupons are paid. Typically a bond pays
The date a security is first offered for sale. That date usually
The date when the issuer returns the final face value of a bond
The date when money first changes hands; i.e., when a buyer
Right to buy an asset at a specified exercise price on or before the exercise date.
Bond that may be repurchased by the issuer before maturity at specified call price.
date that determines whether a stockholder is entitled to a dividend payment; anyone holding stock before this date is entitled to a dividend.
Consolidated Omnibus Budget Reconciliation Act (COBRA)
A federal Act
date on which a debt is due for payment.
date on which a policy is approved.
date on which the insurance company assumes responsibilities for the obligations outlined in a policy.
date on which valuation occurs.
Certificate of deposit (CD)
Also called a time deposit, this is a certificate issued by a bank or thrift that
An obligation having a maturity of more than one year from the date it was issued. Also
Nearby futures contract
When several futures contracts are considered, the contract with the closest
Optimal redemption provision
Provision of a bond indenture that governs the issuer's ability to call the
Gives the buyer the right, but not the obligation, to buy or sell an asset at a set price on or before a
Also called the maturity value or face value, the amount that the issuer agrees to pay at the maturity date.
Preferred equity redemption stock (PERC)
Preferred stock that converts automatically into equity at a
An agreement with a commitment by the seller (dealer) to buy a security back from
Variants of a straddle. A strip is two puts and one call on a stock, a strap is two calls and one put
The value of a bond at maturity, typically its par value, or the value of an asset (or an entire
Variable rate CDs
Short-term certificate of deposits that pay interest periodically on roll dates. On each roll
A security entitling the holder to buy a proportionate amount of stock at some specified future date
An accounting statement that summarizes information about a company in the following format:
A bond that allows the holder to redeem the bond at a
For options, a combination of call or put options on the same stock
A strategy used in trading options or futures. It involves
Typically the cash, accounts receivable, and inventory accounts on the
This is typically the accounts payable, short-term notes payable, and
Net pay not collected by an employee, which is typically transferred
Change in Reporting Entity
A change in the scope of the entities included in a set of, typically, consolidated financial statements.
Sometimes called seg funds, segregated funds are the life insurance industry equivalent to a mutual fund with some differences.The term "Mutual Fund" is often used generically, to cover a wide variety of funds where the investment capital from a large number of investors is "pooled" together and invested into specific stocks, bonds, mortgages, etc.
A system where funds are electronically debited from your account on a specified date by a financial institution (e.g., bill, mortgage or personal loan payments) or perhaps an insurance or an utility company.
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