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Internet

The Internet is the global telecommunication environment consisting of numerous smaller networks and gateways connecting millions of computers around the world. World-Wide Web is a part of Internet that consists of interlinked hypertext documents comprising global information system.

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spot futures parity theorem

Financial services; General Finance

Describes the theoretically correct relationship between spot and futures prices. Violation of the parity relationship gives rise to arbitrage opportunities.

swap rate

Financial services; General Finance

The difference between spot and forward rates expressed in points, e.g., $0.0001 per pound sterling.

Tenants by Entireties (TEN ENT)

Financial services; General Finance

Joint ownership of property or securities by a husband and wife where, upon the death of one, the property goes to the survivor.

cambazola

Dairy products; Cheese

Cambazola is a modern, creamery, blue cheese made from cow's milk. It has a flat round shape with penicillin rind. The cheese was created in 1970's. The texture is smooth and rich ...

selling on the good news

Financial services; General Finance

A strategy of selling stock shortly after a company announces good news and the stock price rises. Investors believe that the price is as high as it can go and is on the brink of ...

spot interest rate

Financial services; General Finance

Interest rate fixed today on a loan that is made today. Related: Forward interest rates.

swap reversal

Financial services; General Finance

An interest rate swap designed to end a counterparty's role in another interest rate swap, accomplished by counterbalancing the original swap in maturity, reference rate, and ...

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