BACKUP LINE
A credit line employed by a bank to screen any issue of the commercial paper for which the financing from the new paper may be unavailable. Backup line of credit adequately gives a substitute pool of liquidity for the issuer and a supply of credit for the purchaser. The backup lines often take the form of a confirmed letter of contractual or credit facility.
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Average-Cost Method
It is a method of costing wherein the pool of asset’s value or expenses is being assumed to be equal to the expenses or the cost of assets&rs ...
Annual Premium Equivalent - APE
A usual technique to measure sales employed by insurance companies in the United Kingdom, where the sales of specific entity are estimated by acqui ...
Specific Risk
Specific risk is also known as ‘unsystematic or diversifiable risk’. It is the risk that influences only specific assets which means th ...
Write Out
Write Out is a dual trade transaction carried out by a specialist in an individual stock issue.
Lehman Aggregate Bond Index
An index used to serve as a benchmark in order to measure the relative performances of bond funds being traded. It includes asset-backed securities ...
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A Guide to Becoming a Finance Expert
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For assessing how a company performed in a given period, the relation between income and cash flow statements should be taken into account. Several ...
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