8 Terms
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General Finance
Industry: Financial services
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General Finance
unconfirmed letter of credit
Financial services; General Finance
A letter of credit which has not been guaranteed or confirmed by any bank other than the bank that opened it. The advising bank merely informs the beneficiary of the letter of credit terms and ...
U.S. Treasury securities
Financial services; General Finance
Interest-bearing obligations if the U.S. government issued by the U.S. Department of the Treasury as a means of borrowing money to meet government expenditures not covered by tax revenues. There are ...
yield advantage
Financial services; General Finance
The advantage gained by purchasing convertible securities instead of common stock, which equals the difference between the rates of return of the convertible security and the common shares.
utility revenue bond
Financial services; General Finance
A municipal bond issued to finance the construction of public utility services. These bonds are repaid from the operating revenues the project produces after the utility is finished.
SPDRs
Financial services; General Finance
SPDRs (Spiders) are designed to track the value of the Standard & Poor's 500 Composite Price Index. Stands for Standard & Poor's Depositary Receipt. They trade on the American Stock Exchange under ...
Year-to-date (YTD)
Financial services; General Finance
The period beginning at the start of the calendar year up to the current date.
uncovered call writing
Financial services; General Finance
A short call option position in which the writer does not own an equivalent position in the underlying security represented by his option contracts.
