Investment banking

Investment banking

Of or relating to the business of underwriting, or acting as the client's agent, in the issuance of securities in order to assist an individual, commercial enterprise, corporation or government instution ro raise capital.

Industry: Banking

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Investment banking

Pro-cyclical

Banking; Investment banking

Trading in accordance with a trend. As a share rises, procyclical investors follow the herd, buying the share to benefit from the trend momentum. Opposite: anticyclical.

Joint liability

Banking; Investment banking

Contractual obligation of several debtors under which each is individually answerable to the creditor for the discharge of the entire debt (governed by Article 144, para. 1, Swiss Code of ...

Overdraft limit

Banking; Investment banking

Individually agreed limit to bridge temporary financial bottlenecks. Overdraft limits on a personal account are usually roughly equivalent to one month's salary.

Insolvency

Banking; Investment banking

The inability of borrowers to meet their payment obligations. Opposite: solvency.

Asset class

Banking; Investment banking

Any collection of assets that reacts in a unique way to the fundamental drivers of the economy. Most important asset classes are equity, fixed income, money market investments and real estate.

Prospectus

Banking; Investment banking

A document issued by a company or public authority planning to float a bond or shares. As well as describing the modalities of the issue, the profit outlook and the securities to be issued, it also ...

Sinking fund bond

Banking; Investment banking

In the USA: bond whose indenture stipulates that the redemption of the bond issue will be paid in accordance with a specified redemption plan from a sinking fund specially created for this purpose.