General Finance

General Finance

Industry: Financial services

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General Finance

zero-minus tick

Financial services; General Finance

Sale that takes place at the same price as the previous sale, but at a lower price than the last different price. Antithesis of zero-plus tick.

zero-coupon bond

Financial services; General Finance

A bond in which no periodic coupon is paid over the life of the contract. Instead, both the principal and the interest are paid at the maturity date.

zero-bracket amount

Financial services; General Finance

The standard deduction portion of income which is not taxed for taxpayers choosing not to itemize deductions.

value manager

Financial services; General Finance

A manager who seeks to buy stocks that are at a discount to their "fair value" and to sell them at or in excess of that value. Often a value stock is one with a low price-to-book value ratio. ...

swap

Financial services; General Finance

An arrangement in which two entities lend to each other on different terms, e.g., in different currencies, and/or at different interest rates, fixed or floating.

zero prepayment assumption

Financial services; General Finance

The assumption of payment of scheduled principal and interest with no payments.

An element in a model. For example, in the model RS&Pt+1 = a + b Tbill t + et, where RS&Pt+1 is the return on the S&P in month t+1 and Tbill is the Tbill return at month t, both RS&P and Tbill are ...