- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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A central financial subsidiary an MNC uses to reduce transaction exposure by billing all home country exports in the home currency and reinvoicing to each operating affiliate in that affiliate's local currency. It can also be used as a netting center.
Industry:Financial services
The actual payback on an investment after removing the effect of inflation.
Industry:Financial services
The right to recover property that has been attached by paying off the debt .
Industry:Financial services
Refusal by a bank to grant credit, usually because of the applicants financial history, or refusal to accept a security presented to complete a trade, usually because of a lack of proper endorsements or violation of rules of a firm.
Industry:Financial services
A real-time stock or bond quote is one that states a security's most recent offer to sell or bid (buy). Different from a delayed quote, which shows the same bid and ask prices 15 minutes and sometimes 20 minutes after a trade takes place.
Industry:Financial services
The right to void a contract without any penalty within three days as provided in the Consumer Credit Protection Act of 1968.
Industry:Financial services
Theory that the rate of change in the prices of products should be somewhat similar, but not absolutely the same when measured in a common currency, as long as transportation costs and trade barriers are unchanged.
Industry:Financial services
In trading, and indication that the size under consideration requires price give, especially with illiquid stocks. See: Takes price.
Industry:Financial services
An anti-takeover arrangement often established by a company in anticipation of a hostile takeover attempt. The company appoints a Rights Agent who will issue Rights certificates to each shareholder at the time of the takeover attempt. The shareholder may then exercise these rights to receive additional shares of stock and/or debentures, making the target company more expensive to acquire as a result of the additional shares outstanding, or the additional debt.
Industry:Financial services
Idea that the rate of change in the price level of commodities in one country relative to the price level in another determines the rate of change of the exchange rate between the two countries' currencies.
Industry:Financial services
