- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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Also called dedicating a portfolio, this is an alternative to multiperiod immunization that calls for the manager to match the maturity of each element in the liability stream, working backward from the last liability to assure all required cash flows.
Industry:Financial services
In the context of general equities, order to buy one security, if the trader can sell another, usually given that certain price limits or conditions reach a certain level. Swap, switch order.
Industry:Financial services
A firm's net cash inflow resulting directly from its regular operations (disregarding extraordinary items such as the sale of fixed assets or transaction costs associated with issuing securities), calculated as the sum of net income plus noncash expenses that are deducted in calculating net income.
Industry:Financial services
A claim that can be made only if one or more specified outcomes occur.
Industry:Financial services
Line depicting the operating activities and cash flows for a firm over a particular period.
Industry:Financial services
An arrangement in which the money manager pursues an active bond portfolio strategy until an adverse investment experience drives the then-available potential return down to the safety net level. When that point is reached, the money manager is obligated to pursue an immunization strategy to lock in the safety-net level return.
Industry:Financial services
Short-term debt instruments?such as commercial paper, banker's acceptances, and Treasury bills?that mature in less than one year. Also known as money market instruments or cash reserves.
Industry:Financial services
An order which can be executed only if another event occurs; i.e. "sell Oct 45 call 7-1/4 with stock 52 or lower".
Industry:Financial services
Refers to the efficient management of cash in a business in order to put the cash to work more quickly and to keep the cash in applications that produce income, such as the use of lock boxes for payments.
Industry:Financial services
Under ERISA, a firm is liable to its pension plan participants for up to 39% of the net worth of the firm.
Industry:Financial services
