- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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If the average maturity of a bank's liabilities is shorter than that of its assets, it is said to be running an unmatched book. The term is commonly used with the Euromarket. Also refers to entering into OTC derivatives contracts and not hedging by making trades in the opposite direction to another financial intermediary. In this case, the firm with an unmatched book usually hedges its net market risk with futures and options. Related expressions: Open book and short book.
Industry:Financial services
Legislation aimed at tightening provisions relating to taxation, including changes in the capital gains tax laws.
Industry:Financial services
A page from an S&P stock that provides information on thousands of stocks, often sent to prospective purchasers.
Industry:Financial services
A technical chart line that depicts the past movement of a security and that is used in an attempt to help predict future price movements.
Industry:Financial services
Securities bought and sold for settlement on the same day. Also describes a firm that has been performing poorly, but changes its financial course and improves its performance.
Industry:Financial services
Legislation enacted as part of the Deficit Reduction Act of 1984 to reduce the federal budget deficit. Among its provisions are a decrease in the minimum holding period for assets to qualify for long-term capital gains treatment from one year to six months.
Industry:Financial services
A low initial interest rate on an adjustable-rate mortgage to entice borrowers, that is later eliminated and replaced by a market-level rate.
Industry:Financial services
A measure of the excess return per unit of risk, where excess return is defined as the difference between the portfolio's return and the risk-free rate of return over the same evaluation period and where the unit of risk is the portfolio's beta. Named after Jack Treynor.
Industry:Financial services
