AUCTION RATE BOND - ARB
A debt security which possess an adjustable interest rate and a fixed term of 20 up to 30 years. The interest rate of an auction rate bond is derived via a modified Dutch auction (in which the price starts high and gradually decreases until buyers are located) on a fixed schedule every 7,14,28, or 35 days. Municipalities and non-profit institutions employs ARBs as a way to decrease borrowing cost on long-term financing.
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Short Leg
Short Leg is a contract where an individual holds a short position. The contract is in the option spread created by the trader by purchasing a put ...
Borrowing Base
Money a lender will loan to a company. The borrowing base is usually determined by a method called margining, where the lender determines a discoun ...
Swaziland Lilangeni
Currency abbreviation for the Swaziland Lilangeni, the official currency of Swaziland. The currency is comprised of 100 cents and presented with th ...
Deposit/Withdrawal At Custodian - DWAC
A method of electronically transferring new shares or paper share certificates from the Depository Trust Company (DTC), which acts as a clearinghou ...
Economic Stimulus
Plans to financially stimulate an economy. It implements monetary or fiscal policy changes to bolster a lagging or struggling economy. Governments ...
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