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

Par value price

Banking; Investment banking

Price of a security which is equal to its nominal or face value.

Royalty

Banking; Investment banking

(1) Synonym for licence fee. (2) Remuneration for the assignment of land with exploitable raw materials (coal, oil, etc.) paid by the licensee to the owner of the land.

Tel quel

Banking; Investment banking

French term for flat; without accrued interest. Expression used in the trading of fixed-interest securities to indicate that the price of the security includes current interest and any future ...

Growth fund

Banking; Investment banking

Investment fund with an investment policy chiefly oriented towards growth. Such funds place only marginal emphasis on generating a cash yield.

External balance

Banking; Investment banking

Synonym for balance of payments. Balance of cross-border flow of goods, services and capital transfers.

Guaranteed credit

Banking; Investment banking

Credit which is not secured by real or personal property but by one or several guarantees. In Switzerland, special guarantee cooperatives have been founded for this purpose, e.g. mortgage guarantee ...

Interbank rate

Banking; Investment banking

Interest rate applied to credit operations between banking institutions. On the Euromoney market the London Interbank Offered Rate (LIBOR) is calculated daily and serves as a guide for the interest ...