AFFIDAVIT OF LOSS
A document which declares the physical loss of a security. It often happens through destruction in a flood/fire or theft. All details regarding the loss is enveloped on the affidavit, including the name of the owner and any information regarding the security such as the date of issuance and serial number. A letter of indemnity, which requests the replacement of the security, may be issued once the statement has been made.
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Ratio indicating the relative size of companies in respect to their industry in general. Low concentration ratio denotes higher competition among t ...
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Two letters of credit (LCs) utilized together to aid a merchant in financing the buying of services or equipment from a subcontractor. With the aut ...
Stock Market Crash of 1987
Rapid and one of the most severe downturn in stock prices which took place on October 19, 1987. Following five days of intensifying stock market pl ...
Z-Score
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Premium
The total cost of an option.
The difference between the higher price paid for a fixed-income secur ...
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