5 Terms
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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.
variable
Financial services; General Finance
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 ...
