thegoodfellas/blogset-br huggingface dataset:
on stock that he or she owns, so that option premiums may be collected. Covering Using forward currency contracts to predetermine the domestic currency amount of an expected future foreign receipt or payment. Also, the buying back ('covering') of a short position. CPI A measure of inflation. See: Consumer Price Index. Cramdown The ability of the bankruptcy court to confirm a plan of reorganization over the objections of some classes of creditors. Cram-down deal A merger in which stockholders are forced to accept undesirable terms, such as junk bonds instead of cash or equity, due to the absence of any better alternatives. Crash Dramatic loss in market value. The last great crash was in 1929. Some refer to October 1987 as a crash but the market return for the entire year of 1987 was positive. Crawling peg An automatic system for revising the exchange rate. It involves establishing a par value around which the rate can vary up to a given percent. The par value is revised regularly according to a formula determined by the authorities. Credible signal A signal that provides accurate information; a signal that can distinguish among senders. Credit Moneyloaned. Credit analysis Evaluating information on companies and bondissues in order to estimate the ability of the issuer to live up to its future contractualobligations. Related: Default risk. Credit balance The surplus in a cashaccount with a broker after purchases have been paid for, plus the extra cash from the sale of securities. Credit bureau An agency that researches the credit history of consumers so that creditors can make decisions about granting of loans. Credit card Any card, plate or coupon book that may be used repeatedly to borrowmoney or buy goods and services on credit. Credit enhancement The purchase of the financialguarantee of a large insurance company to raise funds. In the context of project financing, the issuance of a guarantee or additional collateral to reinforce the credit strength of a project financing. Also, the reduction of counterparty risk on a swap transaction through such measures as bilateral netting. Credit history A record of how a person has borrowed and repaid debt. Credit insurance Insurance against abnormal losses due to unpaid accounts receivable. Credit linked security A note whose cash flow depends upon a credit event or credit measure of a referenced entity or asset such as default, credit spread, or rating change. The manager would purchase such a note to hedge against possible down grades, or loandefaults that would guarantee payment into the portfolio of the manager even if moneys on referenced assets are reduced. Credit period The length of time for which a firm's customer is granted credit. Credit Policy Delay The period between the sale of goods for a credit and the payment for those goods. This lag is determined largely by the selling firm's credit policy. Credit Rating Agencies Firms that compile information on and issuepubliccredit ratings for a large number of companies. Credit Standards The guidelines a company follows to determine whether a credit applicant is creditworthy. Credit Terms The conditions under which credit
short positions. Customers' net debit balance The total amount of credit given by NYSEmember firms to finance customers purchasing securities. Customized benchmarks A benchmark that is designed to meet a client's requirements and long-term objectives. Customs Broker An individual or firm licensed by customs authorities to enter and clear imported goods through customs. The broker represents the importer in dealings with the customs authorities. Customs union An agreement by two or more countries to erect a common external tariff and to abolish restrictions on trade among members. Cut Off Date The date prescribed in the unclaimed property law in most states for determining the items of property that must be turned over to the state. See: Escheat. Cutoff point The lowest rate of return acceptable on investments. Cycles A full orbital period. Cyclical stock Stock that tends to rise quickly when the economy turns up and fall quickly when the economy turns down. Examples are housing, automobiles, and paper. Cyclical unemployment Unemployment caused by a low level of aggregate demand associated with recession in the business cycle.
redemption or final maturity, whichever comes first. Series A, B, C, D, E, EE, F, I, and J are discount or accrual bonds, meaning principal and interest are paid when the bonds are redeemed. Series G, H, HH, and K are income bonds, and the semiannual interest paid to their holders is not included in accrued discount. Accrued interest Applies mainly to convertible securities. Interest that has accumulated between the most recent payment and the sale of a bond or other fixed-income security. At the time of sale, the buyer pays the seller the bond's price plus "accrued interest," calculated by multiplying the coupon rate by the fraction of the coupon period that has elapsed since the last payment. (If a bondholder receives $40 in coupon payments per bond semiannually and sells the bond one-quarter of the way into the coupon period, the buyer pays the seller $10 as the latter's proportion of interest earned.) Accrued market discount The rise in the market value of a discount bond as it approaches maturity (when it is redeemable at par) and not because of falling marketinterest rates. Accumulate Broker/analyst recommendation that could mean slightly different things depending on the broker/analyst. In general, it means to increase the number of shares of a particular security over the near term, but not to liquidate other parts of the portfolio to buy a security that might skyrocket. A buy recommendation, but not an urgent buy. Accumulated Benefit Obligation (ABO) An approximate measure of the liability of a pension plan in the event of a termination at the date the calculation is performed. Related: Projected benefit obligation. Accumulated dividend A dividend that has reached its due date, but is not paid out. See: Cumulative preferred stock. Accumulated profits tax A tax on earnings retained in a firm as a way for the principals to defer personal income taxes. Accumulation In the context of corporate finance, refers to profits that are added to the capital base of the company rather than paid out as dividends. See: Accumulated profits tax. In the context of investments, refers to the purchase by an institutional broker of a large number of shares over a period of time in order to avoid pushing the price of that share up. In the context of mutual funds, refers to the regular investing of a fixed amount while reinvesting dividends and capital gains. Accumulation area A range within which a buyer accumulatesshares of a stock. See: On-balance volume and distribution area. Acid test ratio Also called the quick ratio, the ratio of current assetsminusinventories, accruals, and prepaid items to current liabilities. Acquired surplus The surplus acquired when a company is purchased in a pooling of interests combination, i.e. the net worth not considered to be capital stock. Acquiree A firm that is being acquired. Acquirer A firm or individual that is purchasing another firm or asset. Acquisition When a firm buys another firm. Acquisition cost Refers to the price (including the closing costs) to purchase another company or property. In the context of investments, refers to price
The annual percentage yield (APY) includes the effect of compoundinginterest. Annual renewable term insurance See: Term insurance. Annual report Yearly record of a publicly heldcompany'sfinancial condition. It includes a description of the firm's operations, as well as balance sheet, income statement, and cash flow statement information. SEC rules require that it be distributed to all shareholders. A more detailed version is called a 10-K. Annualized gain If stock X appreciates 1.5% in one month, the annualizedgain for that stock over a twelve month period is (12 x 1.5%) = 18%. Compounded over the 12 month period, the gain is (1.015)^12 -1 = 19.6%. Annualized holding-period return The annual rate of return that when compoundedt times generates the same t-period holding return as actually occurred from period 1 to period t. Annualizing See: Annual basis. Annuitant An individual who receives benefits from an annuity. Annuitize To commence a series of payments from the capital that has accumulated in an annuity. The payments may be a fixed amount, for a fixed period of time, or for a lifetime. Annuity A regular periodic payment made by an insurance company to a policyholder for a specified period of time. Annuity certain An annuity that pays a specific amount on a monthly basis for a set amount of time. Annuity due An annuity with n payments, where the first payment is made at time t = 0, and the last payment is made at time t = n - 1. Annuity factor Present value of $1 paid for each of t periods. Annuity in arrears An annuity with a first payment one full period hence, rather than immediately. Annuity starting date The date when an annuitant starts receiving payments from an annuity. Anticipated holding period The period of time an individual expects to hold an asset. Anticipation Paying what is owed before it is due (usually to save interest charges). Antidilutive effect Result of a transaction that increases earnings per common share (e.g., by decreasing the number of sharesoutstanding). Anti-Persistence In R/S Analysis, an anti-persistent time series reverses itself more often than a random series would. If the system had been up in the previous period, it is more likely that it will be down in the next period and vice versa. Also called pink noise, or 1/f noise. See: Persistence, R/S Analysis, Hurst Exponent, Joseph Effect, Noah Effect. Antigreenmail Greenmail refers to the agreement between a large shareholder and a company in which the shareholder agrees to sell his stock back to the company, usually at a premium, in exchange for the promise not to seek control of the company for a specified period of time. Antigreenmail provisions prevent such arrangements unless the same repurchaseoffer is made to all shareholders or approved by shareholder vote. There are some states that have antigreenmail laws. Antitrust laws Legislation established by the federal government to prevent the formation of monopolies and to regulate trade. Any-interest-date A call provision in a municipal bondindenture that establishes the right of redemption for the issuer on any interest payment due date. Any-or-all bid
writer to sell (in the case of a call) or purchase (in the case of a put) the underlying security at the specified strike price. Assignment of proceeds Arrangement that allows the original beneficiary of a letter of credit to pledge or turn over proceeds to another, typically end supplier. Assimilation The public absorption of a new issue of stocks once the stock has been completely sold by underwriter. See: Absorbed. Association of Southeast Asian Nations (ASEAN) A loose economic and geopolitical affiliation that includes Singapore, Brunei, Malaysia, Thailand, the Philippines, Indonesia, and Vietnam. Future members are likely to include Burma, Laos, and Cambodia. Assumed interest rate Rate of interest used by an insurancecompany to calculate the payout on an annuitycontract. Assumption Becoming responsible for the liabilities of another party. ASX Derivatives and Options Market (ASXD) Options markettrading options on more than 50 of Australia's and New Zealand's leading companies. Asymmetric information Information that is known to some people but not to other people. Asymmetric taxes When participants in a transaction have different net tax rates. Asymmetric volatility Phenomenon that volatility is higher in down markets than in up markets. Asymmetry A lack of equivalence between two things, such as the unequal tax treatment of interest expense and dividend payments. "At"/"for" Used in context of general equities. Paramount terms used to differentiate an offering. Stock is offered at; stock is bid for. In an offering, the trading syntax followed is "Quantity-at-Price"; in a bid, the syntax followed is "Price-for-Quantity." Athens Stock Exchange Greece's only major securities market. Greek language only. At par A price equal to nominal or face value of a security. See: Par. At risk The exposure to the danger of economic loss. Frequently used in the context of claiming tax deductions. For example, a person can claim a tax deduction in a limited partnership if the taxpayer can show it is at risk of never realizing a profit and of losing its initial investment. See: Value at risk. At the bell In context of general equities, at the opening or close of the market. See: MOC Order. At the close order In the context of securities, an all or nonemarket order that is to be executed at the closing price of the security on the exchange. If the execution cannot be made under this condition, the order is to be treated as cancelled. In the context of futures and options, refers to a contract that is to be executed on some exchanges during the closing period, a period in which there is a range of prices. At the figure In context of general equities, at the whole integer price (excluding the fraction) closest to the side of the market (bid/ask) being discussed. At the full. At the full Used in context of general equities. At the figure. At the market See: Market order. At-the-money An option is at the money if the strike price of the option is equal to the market price of the underlying security. For example, if xyz stock is trading at 54, then the xyz
and previous balance method. Average discount rate Purchaserstender their competitive bids on a discount rate basis. The weighted, or adjusted mean of all bids accepted in Treasury bill auctions. Average down A strategy used by investors to reduce the average cost of shares, in which the investorpurchases more shares with a fixed amount of capital as the price of the shares decreases. The investor receives more shares per dollar and decreases the average price per share. Average equity A customer's average daily balance in a trading account at a brokerage firm. Average life Also referred to as the weighted-average life (WAL). The average number of years that each dollar of unpaid principal due on the mortgage remains outstanding. Average life is computed as the weighted-average time to the receipt of all future cash flows, using as the weights the dollar amounts of the principal paydowns. Average maturity The average time to maturity of securities held by a mutual fund. Changes in interest rates have greater impact on funds with longer average maturity. Average rate of return (ARR) The ratio of the average cash inflow to the amount invested. Average tax rate Taxes as a fraction of income; total taxes divided by total taxable income. Average up A strategy used by investors to lower the overall cost of shares by buying as many shares with a given amount of capital in an increasing market. Buying $1000 worth of shares at $30, $35, $40, and $45, for instance, will make the average cost of the sharesx $36.65, lower than the average price of $37.50. Averaging See: Constant dollar plan. Avoided cost In context of project financing, the capital and expense that would have to be spent if the project did not proceed. Away A trade, quote, or market that does not originate with the dealer in question, e.g., "the bid is 98-10 away from me." Away from the market In context of general equities, out of line with the inside market at this time, such as when a bid on a limit order is lower or the offer price is higher than the current market price for the security; held by the specialist for later execution unless FOK. Antithesis of in-line. Away from us Used in context of general equities, to characterize role of a competing broker/dealer. Trading away from us signifies that stock is bought and/or sold with institutions using other tradingfirms. Away from you Used for listed equity securities. See: Outside of you. Axe to grind Used in context of general equities. Involvement in a security, whether through a position, order, or inquiry.
BFifth letter of a Nasdaq stock descriptor specifying that issue is the Class B shares of the company. B2B An Internet strategy of dealing directly with businesses, rather than consumers, i.e. business to (2) business. BA The two-character ISO 3166 country code forBOSNIA AND HERZEGOVINA. BAM The ISO 4217 currency code for Bosnia & Herzegovinan Convertible Mark. BAN See: Bank anticipation notes BAR See: Builders' All Risk BB The two-character ISO 3166 country code for BARBADOS. BBD The ISO 4217 currency code for Barbadian Dollar. BD The two-character ISO 3166 country code for BANGLADESH. BDT The ISO 4217 currency code for Bangladeshi Taka currency. BE The two-character ISO 3166 country code for BELGIUM. BEACON See: Boston Exchange Automated Communication Order-Routing Network BEARS See: Bonds Enabling Annual Retirement Savings (BEARS) BEF The ISO 4217 currency code for Belgian Franc. BF The two-character ISO 3166 country code for BURKINA FASO. BG The two-character ISO 3166 country code for BULGARIA. BGL The pre-July 1999 ISO 4217 currency code for Bulgarian Lev. BGN The current ISO 4217 currency code for Bulgarian Lev. BH The two-character ISO 3166 country code for BAHRAIN. BHD The ISO 4217 currency code for Bahrainian Dinar. BI The two-character ISO 3166 country code for BURUNDI. BIC See: Bank Investment Contract BIF See: Bank Insurance Fund BIF The ISO 4217 currency code for Burundian Franc. BIPS See: Basis point. BIS See: Bank for International Settlements BJ The two-character ISO 3166 country code for BENIN. BM The two-character ISO 3166 country code for BERMUDA. BMD The ISO 4217 currency code for Bermudan Dollar. BN The two-character ISO 3166 country code for BRUNEI DARUSSALAM. BND The ISO 4217 currency code for Brunei Darussalam Dollar. BO The two-character ISO 3166 country code for BOLIVIA. BOB The ISO 4217 currency code for Bolivian Boliviano. BOT See: Build Own Transfer BPS See: Basis point. BR The two-character ISO 3166 country code for BRAZIL. BRL The ISO 4217 currency code for Brazilian Real. BS The two-character ISO 3166 country code for BAHAMAS. BSD The ISO 4217 currency code for Bahamas Dollar. BT The two-character ISO 3166 country code for BHUTAN. BTM See: Book to market. BTN The ISO 4217 currency code for Bhutan Ngultrum. BV The two-character ISO 3166 country code for BOUVET ISLAND. BW The two-character ISO 3166 country code for BOTSWANA. BWP The ISO 4217 currency code for Botswanan Pula. BY The two-character ISO 3166 country code for BELARUS. BYB The ISO 4217 currency code for Belarus Rouble. BZ The two-character ISO 3166 country code for BELIZE. BZD The ISO 4217 currency code for Belize Dollar. Baby bond A bond with a par value of less than $1000. Back away 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. Back fee The fee paid on the extension date if the buyer wishes to continue the option. Back months In the context of futures and optionstrading, refers to the months of
contracts with expiration dates farthest away. See farthest month. Back office Brokerage house clerical operations that support, but do not include, the trading of stocks and other securities. All written confirmation and settlement of trades, record keeping, and regulatory compliance happen in the back office. Back on the shelf In the context of general equities, permanently canceledorder/interest in a stock by a customer. See: Take a powder. Back taxes Due taxes that have not been paid on time. Back up (1) When bondyields rise and prices fall, the market is said to back up. (2) An investor who swaps out of one security into another of shorter current maturity is said to back up. "Back up the truck" In the context of general equities, "Prepare for a very large buyer." Backdating 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. Giving retroactive value to purchases from the earlier date. Backed in In the context of general equities, to describe the result of unanticipated events that allow for a purchase at a discount or a sale at a premium. Back-end load fund A mutual fund that charges investors a fee to sell (redeem) shares, often ranging from 4% to 6%. Some back-end load funds impose a full commission if the shares are redeemed within a designated length of time, such as one year. The commission decreases, the longer the investorholds the shares. The formal name for the back-end load is the contingent deferred sales charge, or CDSC Back-testing Creating a hypothetical portfolio performance history by applying current asset selection criteria to prior time periods. Back-to-back financing An intercompany loan channeled through a bank. Back-to-back loan A 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. Backup line A 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. Backup Line of Credit A bank assurance of funds obtained by an issuer of commercial paper to protect the CP investor from default. The issuer pays a commitment fee to the bank. Backwardation A market condition in which futures prices are lower in the distant delivery months than in the nearest delivery month. This may occur when the costs of storing the product until eventual delivery are effectively subtracted from the price today. The opposite of contango. Bad debt A debt that is written off and deemed uncollectible. Bad delivery Antithesis of good delivery. Bad title Title to property that does not distinctly confer ownership, usually in the context of real estate. Bai-kai Two-sided marketpicture, in Japanese terminology applies mainly to international equities. Bailing out In the context of securities, refers to selling a security or commodity quickly, regardless of the price. May occur when an investor no longer wants to sustain further losses on a stock. Also