General Finance

General Finance

Industry: Financial services

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General Finance

mutual savings bank

Financial services; General Finance

A state-chartered savings bank which is owned by its depositors and managed by a fiduciary board of trustees.

mutual fund theorem

Financial services; General Finance

A result associated with the CAPM, asserting that investors will choose to invest their entire risky portfolio in a market-index or mutual fund.

two-state

Financial services; General Finance

A pricing equation allowing an underlying asset to assume only two possible (discrete) values in the next time period for each value it can take on in the preceding time period. Also called the ...

underwriting fee

Financial services; General Finance

The portion of the gross underwriting spread that compensates the securities firms that underwrite a public offering for their services.

World Trade Organization (WTO)

Financial services; General Finance

A multilateral agency that administers world trade agreements, fosters trade relations among nations, and solves trade disputes among member countries.

surplus management

Financial services; General Finance

Related: Asset management

wrap account

Financial services; General Finance

An investment consulting relationship for management of a client's funds by one or more money managers, that bills all fees and commissions in one comprehensive fee charged quarterly.