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Holiday
Any day fixed by law, custom or religion on which day-to-day business is suspended for the celebration or commemmoration of some event or public figure.
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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 ...
