|One man picture|
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Definition of One man picture
One man picture
The picture quoted by a broker is said to be a one-man picture if both the bid and offered
Abrams’ 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
Also called surplus management, the task of managing funds of a financial
An option is at-the-money if the strike price of the option is equal to the market price of the
A method developed by BARRA, a consulting firm in
A management style that de-emphasizes the significance of economic
Also called the broker loan rate , the interest rate that banks charge brokers to finance
Very short maturity bills that the Treasury occasionally sells because its cash
A party to an explicit or implicit contract.
A bank that ranks just below a lead manager in a syndicated Eurocredit or international bond
The Association for Investment management and Research (AIMR)'s Performance Presentation Standards Implementation
The application of financial principals within a corporation to create and
Checking accounts that pay no interest and can be withdrawn upon demand.
A bank line of credit that enables a customer to borrow on a daily or on-demand basis.
Demand master notes
Short-term securities that are repayable immediately upon the holder's demand.
An event that affects the demand for goods in services in the economy.
Dow Jones industrial average
This is the best known U.S.index of stocks. It contains 30 stocks that trade on
European Monetary System (EMS)
An exchange arrangement formed in 1979 that involves the currencies
Group rotation manager
A top-down manager who infers the phases of the business cycle and allocates
A money manager who seeks to buy stocks that are typically selling at relatively high P/E
Demands for securities to hedge particular sources of consumption risk, beyond the usual
Money that moves across country borders in response to interest rate differences and that moves
The unique capabilities and expertise of individuals.
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
Also called a portfolio manager and money manager, the individual who manages a
Law of one price
An economic rule stating that a given security must have the same price regardless of the
The commercial or investment bank with the primary responsibility for organizing syndicated
Also known as "dirty" float, this is a system of floating exchange rates with central bank
Management/closely held shares
Percentage of shares held by persons closely related to a company, as
Management buyout (MBO)
Leveraged buyout whereby the acquiring group is led by the firm's management.
An investment advisory fee charged by the financial advisor to a fund based on the fund's
A report from management to the shareholders that accompanies the firm's
Decisions concerning the operation of the firm, such as the choice of firm size, firm
Mandatory redemption schedule
Schedule according to which sinking fund payments must be made.
Manufactured housing securities (MHSs)
Loans on manufactured homes - that is, factory-built or
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
Nondiversifiability of human capital
The difficulty of diversifying one's human capital (the unique
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.
A call option is out-of-the-money if the strike price is greater than the market price
strategy Takeover defense strategy in which the prospective acquiree retaliates against the
Passive investment management
Buying a well-diversified portfolio to represent a broad-based market
Performance attribution analysis
The decomposition of a money manager's performance results to explain
The evaluation of a manager's performance which involves, first, determining
The calculation of the return realized by a money manager over some time interval.
Shares of stock given to managers on the basis of performance as measured by earnings
In mutual funds, the ability to transfer shares between funds in the same family by
The bid and asked prices quoted by a broker for a given security.
Related: Investment management
Related: Investment manager
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
one who receives the principal of a trust when it is dissolved.
The process of identifying and evaluating risks and selecting and managing techniques to
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
Related: asset management
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
Advertisement listing the underwriters to a security issue.
Top-down equity management style
A management style that begins with an assessment of the overall
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.
A manager who seeks to buy stocks that are at a discount to their "fair value" and sell them at
Variable rated demand bond (VRDB)
Floating rate bond that can be sold back periodically to the issuer.
Working capital management
The management of current assets and current liabilities to maximize shortterm liquidity.
Zero-one integer programming
An analytical method that can be used to determine the solution to a capital
Cost of manufacture
The cost of goods manufactured for subsequent sale.
The production of financial and non-financial information used in planning for the future; making decisions about products, services, prices and what costs to incur; and ensuring that plans are implemented and achieved.
Strategic management accounting
The provision and analysis of management accounting data about a business and its competitors, which is of use in the development and monitoring of strategy (Simmonds).
A variety of approaches that emphasize increasing shareholder value as the primary goal of every business.
The accounts found on the Balance Sheet; these account balances are carried forward for the lifetime of the company.
This is difficult to define in a few words—indeed, an
A market that specializes in trading short-term, low-risk, very liquid
activity-based management (ABM)
a discipline that focuses on the activities incurred during the production/performance process as the way to improve the value received
a detailed set of documents that provides information
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