20 Terms
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General Finance
Industry: Financial services
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General Finance
municipal improvement certificate
Financial services; General Finance
A certificate used to finance local government projects and services which is financed by a special tax assessment and provides tax-free interest .
Market Neutral
Financial services; General Finance
In the context of hedge funds, a style of management that has long and short equity exposure with nearly exposure on average to fluctuations in the market. However, the on average qualification is ...
Municipal Investment Trust (MIT)
Financial services; General Finance
A unit investment trust that buys municipal bonds and usually holds them until maturity, passing the bond income on to shareholders, usually tax-free.
Market Not Held Order
Financial services; General Finance
Also a market order, but the investor is allowing the floor broker to use his own discretion as to the exact timing of the execution. If the floor broker expects a decline in price and he is holding ...
municipal notes
Financial services; General Finance
Short-term notes issued by municipalities in anticipation of tax receipts, proceeds from a bond issue, or other revenues.
market-on-close (MOC) order
Financial services; General Finance
An order to trade stocks, options, or futures as close as possible to the market close. See also MOC.
