12 Terms
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General Finance
Industry: Financial services
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General Finance
unencumbered
Financial services; General Finance
Property that is not subject to any claims by creditors. For example, securities bought with cash instead of on margin and homes with mortgages paid off.
W-type bottom
Financial services; General Finance
A double bottom pattern in a price history that looks like the letter W. See: Technical analysis.
tax refund
Financial services; General Finance
Money back from the government when too much tax has been paid or withheld from a salary.
surveillance department of exchanges
Financial services; General Finance
A department that monitors trading activity on an exchange in order to identify any unusual activity that may indicate illegal practices.
split-fee option
Financial services; General Finance
An option on an option. The buyer generally executes the split fee with first an initial fee, with a window period at the end of which (upon payment of a second fee) the original terms of the option ...
undigested securities
Financial services; General Finance
Newly issued securities that are not purchased because of lack of demand during the initial public offering.
Wraparound
Financial services; General Finance
The seller of an option, usually an individual, bank, or company that issues the option and consequently has the obligation to sell the asset (if a call) or to buy the asset (if a put) on which the ...
