General Finance

General Finance

Industry: Financial services

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General Finance

working capital

Financial services; General Finance

Defined as the difference between current assets and current liabilities (excluding short-term debt). Current assets may or may not include cash and cash equivalents, depending on the company.

Floor broker of the NYSE, who executes orders for other brokers having more business at that time than they can handle with their own private floor brokers or who do not have their exchange member on ...

without recourse

Financial services; General Finance

Giving the lender no right to seek payment or seize assets in the event of nonpayment from anyone other than the party specified in the debt contract (such as a special-purpose entity).

Self Tender

Financial services; General Finance

A company buys back a certain percentage of its own shares through a tender offer.

Without Recourse Financing

Financial services; General Finance

Financing in which the right of recourse to the party receiving funds is forfeited to the party advancing funds. This may be evidenced by conditions added to the endorsement of a draft being sold by ...

spinning

Financial services; General Finance

In investment banking, the practice of an investment bank setting aside portions of a corporation's Initial Public Offering for senior management of that corporation. Ethically questionable practice ...