Investment banking

Investment banking

Of or relating to the business of underwriting, or acting as the client's agent, in the issuance of securities in order to assist an individual, commercial enterprise, corporation or government instution ro raise capital.

Industry: Banking

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Investment banking

Intervention point

Banking; Investment banking

Limit of the range within which exchange rates are allowed to deviate from parity in a system of fixed exchange rates. If there is a risk that the exchange rate will move beyond the permitted range, ...

Long position

Banking; Investment banking

A positive exposure to a quantity. Owning a security or commodity. Investor's position where the number of contracts bought exceeds the number sold. Opposite: short position.

Order instrument

Banking; Investment banking

Paper which can be transferred by endorsement (negotiable). Legal order instruments (cheques, drafts, bills of exchange, registered shares) are always order instruments, even if they do not bear the ...

Ring

Banking; Investment banking

Circular counter around which ring representatives used to buy and sell contracts by calling out bid and asked quotations. A distinction was drawn between the stock trading ring and the bond trading ...

Style investing

Banking; Investment banking

Investment approach based on a carefully timed combination of investments in growth stocks (growth style investing) and value stocks (value style investing), with equity market opportunities and ...

Default

Banking; Investment banking

Failure to make required debt payments on a timely basis or to comply with other conditions of an obligation or agreement.

Banknote

Banking; Investment banking

Note issued by a central bank as a means of currency. A banknote does not embody any rights and as such does not constitute a security. Banknotes are legal tender.