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Definition of Load-to-load
Arrangement whereby the customer pays for the last delivery when the next one is received.
Abramsâ€™ model for calculating DLOM based on the interaction of discounts from four economic components.
Requirement that none of an order be executed unless all of it can be executed at the specified price.
An Arrangement whereby a security issue is canceled if the underwriter is unable
An option is at-the-money if the strike price of the option is equal to the market price of the
Also called the broker loan rate , the interest rate that banks charge brokers to finance
The provision of some futures contracts that requires not delivery of underlying assets but
Arrangement whereby the shareholders of a project receive output free of
The tender and receipt of an actual commodity or financial instrument in settlement of a futures contract.
The written notice given by the seller of his intention to make delivery against an open, short
The options available to the seller of an interest rate futures contract, including the quality
Those points designated by futures exchanges at which the financial instrument or
The price fixed by the Clearing house at which deliveries on futures are in invoiced; also the
A transaction in which the buyer's payment for securities is due at the time of
This is the best known U.S.index of stocks. It contains 30 stocks that trade on
Percentage change in the value of an option given a 1% change in the value of the
European Monetary System (EMS)
An exchange Arrangement formed in 1979 that involves the currencies
A transaction in which the settlement will occur on a specified date in the future at a price
A delivery in which everything - endorsement, any necessary attached legal papers, etc. - is in
Good delivery and settlement procedures
Refers to PSA Uniform Practices such as cutoff times on delivery
Money that moves across country borders in response to interest rate differences and that moves
International Monetary Fund
An organization founded in 1944 to oversee exchange Arrangements of
International Monetary Market (IMM)
A division of the CME established in 1972 for trading financial
A put option that has a strike price higher than the underlying futures price, or a call option
After a stock split, the number of shares distributed for each share held and the date of the
Last trading day
The final day under an exchange's rules during which trading may take place in a particular
A method of valuing inventory that uses the cost of the most recent item in
Law of one price
An economic rule stating that a given security must have the same price regardless of the
The last-in-first-out inventory valuation methodology. A method of valuing
Refers to the seller's actually turning over to the buyer the asset agreed upon in a forward contract.
Gold held by governmental authorities as a financial asset.
Actions taken by the Board of Governors of the Federal Reserve System to influence the
Monetary / non-monetary method
Under this translation method, monetary items (e.g. cash, accounts
Composed of currency and coins outside the banking system plus liabilities to the deposit money banks.
Money center banks
Banks that raise most of their funds from the domestic and international money markets, relying less on depositors for funds.
Related: Investment management.
Related: Investment manager.
Money markets are for borrowing and lending money for three years or less. The securities in
Money market demand account
An account that pays interest based on short-term interest rates.
Money market fund
A mutual fund that invests only in short term securities, such as bankers' acceptances,
Money market hedge
The use of borrowing and lending transactions in foreign currencies to lock in the
Money market notes
Publicly traded issues that may be collateralized by mortgages and MBSs.
Money purchase plan
A defined benefit contribution plan in which the participant contributes some part and
Money rate of return
Annual money return as a percentage of asset value.
M1-A: Currency plus demand deposits
In a Treasury auction, the amount by which the par value of the securities offered exceeds that of
Next futures contract
The contract settling immediately after the nearby futures contract.
One man picture
The picture quoted by a broker is said to be a one-man picture if both the bid and offered
A special case of the arbitrage pricing theory that is derived from the one-factor model by
1) A market in which only one side, the bid or asked, is quoted or firm.
The percentage increase in an option's value given a 1% change in the value of the
A call option is out-of-the-money if the strike price is greater than the market price
Overnight delivery risk
A risk brought about because differences in time zones between settlement centers
In mutual funds, the ability to transfer shares between funds in the same family by
The option of postponing a project without eliminating the possibility of undertaking it.
Precautionary demand (for money)
The need to meet unexpected or extraordinary contingencies with a
The percentage change in the quantity divided by the percentage change in the price.
Willing to pay money to transfer risk from others.
Extended credit for customers who order goods in periods other than peak seasons.
Issue of a security for which there is an existing market. Related: Unseasoned issue.
Seasoned new issue
A new issue of stock after the company's securities have previously been issued. A
SIMEX (Singapore International Monetary Exchange)
A leading futures and options exchange in Singapore.
Speculative demand (for money)
The need for cash to take advantage of investment opportunities that may arise.
Investment principle that states a firm should accept or reject a project by comparing it
Refers to the buyer's actually assuming possession from the seller of the asset agreed upon
Target zone arrangement
A monetary system under which countries pledge to maintain their exchange rates
Time value of money
The idea that a dollar today is worth more than a dollar in the future, because the dollar
In the interbank market in Eurodollar deposits and the foreign exchange market, the value
Advertisement listing the underwriters to a security issue.
Transaction demand (for money)
The need to accommodate a firm's expected cash transactions.
Issue of a security for which there is no existing market. See: seasoned issue.
Zero-one integer programming
An analytical method that can be used to determine the solution to a capital
LIFO (Last In, First Out)
An inventory valuation method that presumes that the last units received were the first ones
Last-in, first-out (LILO)
A method of accounting for inventory.
A market that specializes in trading short-term, low-risk, very liquid
dual pricing arrangement
a transfer pricing system that allows
Elasticity - See Lambda
Odd first or last period
Fixed-income securities may be purchased on dates
Last-in, first-out (LIFO)
An inventory costing methodology that bases the recognized cost of
Dow Jones Industrial Average
Index of the investment performance of a portfolio of 30 â€śblue-chipâ€ť stocks.
law of one price
Theory that prices of goods in all countries should be equal when translated to a common currency.
Market for short-term financial assets.
Sale of securities by a firm that is already publicly traded.
See money base.
International Monetary Fund (IMF)
Organization originally established to manage the postwar fixed exchange rate system.
School of economic thought stressing the importance of the money supply in the economy. Adherents believe that the economy is inherently stable, so that policy is best undertaken through adoption of a policy rule.
Proposal that the money supply be increased at a steady rate equal approximately to the real rate of growth of the economy. Contrast with discretionary policy.
Any measure of the economy's money supply.
See money base.
Actions taken by the central bank to change the supply of money and the interest rate and thereby affect economic activity.
Monetizing the Debt
See printing money.
Any item that serves as a medium of exchange, a store of value, and a unit of account. See medium of exchange.
Cash plus deposits of the commercial banks with the central bank.
A financial market in which short-term (maturity of less than a year) debt instruments such as bonds are traded.
Change in the money supply per change in the money base.
Money Rate of Interest
See interest rate, nominal.
Neutrality of Money
The doctrine that the money supply affects only the price level, with no long-run impact on real variables.
Sale of bonds by the government to the central bank.
Quantity Theory of Money
Theory that velocity is constant, and so a change in money supply will change nominal income by the same percentage. Formalized by the equation Mv = PQ.
Real Money Supply
Money supply expressed in base-year dollars, calculated by dividing the money supply by a price index.
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