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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 month

Financial services; General Finance

The nearest delivery month on a futures contract.

Special-Purpose Entity

Financial services; General Finance

A financing technique in which a company decreases its risk by creating separate partnerships, rather than subsidiaries, for certain holdings and solicits outside investors to ...

sweat equity

Financial services; General Finance

An increase in equity created by the labor of the owner.

suicide pill

Financial services; General Finance

A hostile takeover prevention tactic that could destroy the target company. Taking on a large amount of debt to prevent the takeover might cause bankruptcy, for example.

tender offer

Financial services; General Finance

General offer made publicly and directly to a firm's shareholders to buy their stock at a price well above the current market price.

security market plane

Financial services; General Finance

A plane that shows the relationship between expected return and the beta coefficient of more than one factor.

cheshire

Dairy products; Cheese

One of the oldest English cheeses, invented during the 12th century. There are three types of Cheshire: White, Red (colored with annatto) and Blue which is punctured during the ...

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