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Mining

Of or pertaining to the process or business of extracting materials, such as ore or minerals, from the earth's crust.

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Yankee bonds

Financial services; General Finance

Foreign bonds denominated in U.S. dollars and issued in the United States by foreign banks and corporations. These bonds are usually registered with the SEC. Such as, bonds issued ...

pro shop

Sports; Golf

This is a shop, usually located in the clubhouse, where golf equipment can be bought.

unbiased expectations hypothesis

Financial services; General Finance

Theory that forward exchange rates are unbiased predictors of future spot rates. See Forward parity.

uptick trade

Financial services; General Finance

A transaction that takes place at a higher price than the preceding transaction involving the same security. Related: Tick test rules.

jump

Sports;

a quick, hard acceleration.

boarding pass

Aviation; Airport

A permit to board a ship, plane, train, or other form of transportation.

yield to maturity

Financial services; General Finance

The percentage rate of return paid on a bond, note, or other fixed income security if the investor buys and holds it to its maturity date. The calculation for YTM is based on the ...

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