Two-sided market picture, in Japanese terminology applies mainly to international equities. Title to property that does not distinctly confer ownership, usually in the context of real estate. The opposite of contango.Ī debt that is written off and deemed uncollectible. This may occur when the costs of storing the product until eventual delivery are effectively subtracted from the price today. The formal name for the back-end load is the contingent deferred sales charge, or C.D.S.C.Ĭreating a hypothetical portfolio performance history by applying current asset selection criteria to prior time periods.Īn intercompany loan channeled through a bank.Ī loan in which two companies in separate countries borrow each other's currency for a specific time period and repay the other's currency at an agreed-upon maturity.Ī commercial paper issuer's bank line of credit covering maturing notes if, for some reason, selling new notes to cover the maturing notes is not possible.Ī market condition in which futures prices are lower in the distant delivery months than in the nearest delivery month. The commission decreases, the longer the investor holds the shares.
Some back-end load funds impose a full commission if the shares are redeemed within a designated length ofg time, such as one year. In the context of general equities, to describe result of unanticipated events that allow for a purchase at a discount or a sale at a premium.Ī mutual fund that charges investors a fee to sell (redeem) shares, often ranging from 4% to 6%. Giving retroactive value to purchases from the earlier date. In the context of mutual funds, a feature allowing fundholders to use an earlier date on a letter of intent to invest in a mutual fund in exchange for a reduced sales charge, e.g.
In the context of general equities, "Prepare for a very large buyer." (2) An investor who swaps out of one security into another of shorter current maturity is said to back up. (1) When bond yields rise and prices fall, the market is said to backup. See: Take a powder.ĭue taxes that have not been paid on time. In the context of general equities, permanently cancelled order/interest in a stock by a customer. All written confirmation and settlement of trades, record keeping, and regulatory compliance happen in the back office. See farthest month.īrokerage house clerical operations that support, but do not include, the trading of stocks and other securities. In the context of futures and options trading, refers to the months of contracts with expiration dates farthest away. The fee paid on the extension date if the buyer wishes to continue the option. In the context of general equities, to withdraw from a previously declared interest, indication, or transaction broker-dealer's failure, as a market maker in a given security, to make good on a bid/offer for the minimum quantity.
See: Bonds Enabling Annual Retirement Savings (BEARS)Ī bond with a par value of less than $1000. See: Boston Exchange Automated Communication Order-Routing Network Fifth letter of a Nasdaq stock descriptor specifying that issue is the Class B shares of the company.Īn Internet strategy of dealing directly with businesses, rather than consumers, i.e.