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| Financial Terms | |
| Zero uptick |
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Definition of Zero uptickZero uptickRelated: tick-test rules.Related Terms:Tick-test rulesSEC-imposed restrictions on when a short sale may be executed, intended to prevent investorsfrom destabilizing the price of a stock when the market price is falling. A short sale can be made only when either 1) the sale price of the particular stock is higher than the last trade price (referred to as an uptick trade) or 2) if there is no change in the last trade price of the particular stock, the previous trade price must be higher than the trade price that preceded it (referred to as a zero uptick). UptickA term used to describe a transaction that took place at a higher price than the preceding transactioninvolving the same security. Uptick tradeRelated:Tick-test rulesZero coupon bondSuch a debt security pays an investor no interest. It is sold at a discount to its face priceand matures in one year or longer. Zero prepaymentassumption The assumption of payment of scheduled principal and interest with no payments.Zero-balance account (ZBA)A checking account in which zero balance is maintained by transfers of fundsfrom a master account in an amount only large enough to cover checks presented. Zero-beta portfolioA portfolio constructed to represent the risk-free asset, that is, having a beta of zero.Zero-coupon bondA bond in which no periodic coupon is paid over the life of the contract. Instead, both theprincipal and the interest are paid at the maturity date. Zero-investment portfolioA portfolio of zero net value established by buying and shorting componentsecurities, usually in the context of an arbitrage strategy. Zero-one integer programmingAn analytical method that can be used to determine the solution to a capitalrationing problem. Zero-sum gameA type of game wherein one player can gain only at the expense of another player.Zero-based budgetingA method of budgeting that ignores historical budgetary allocations and identifies the costs that are necessary to implement agreed strategies.Zero-coupon BondA security that makes no interest payments; it is sold at a discountat issue and then repaid at face value at maturity zero-base budgetinga comprehensive budgeting processthat systematically considers the priorities and alternatives for current and proposed activities in relation to organization objectives; it requires the rejustification of ongoing activities Zero curve, zero-coupon yield curveA yield curve for zero-coupon bonds;zero rates versus maturity dates. Since the maturity and duration (Macaulay duration) are identical for zeros, the zero curve is a pure depiction of supply/ demand conditions for loanable funds across a continuum of durations and maturities. Also known as spot curve or spot yield curve. Zero-coupon bond, or ZeroA bond that, instead of carrying a coupon, is soldat a discount from its face value, pays no interest during its life, and pays the principal only at maturity. zero-balance accountRegional bank account to which just enough funds are transferred daily to pay each day’s bills.Zero-Coupon BondSee discount bond.Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |