dividend reinvestment plan

en-noun

dividend reinvestment plan (plural dividend reinvestment plans)

From dividend + reinvestment + plan.
From being a plan to buy more shares in the company which issued the dividend by using up the dividend, to reinvest in the company.

(finance) A company-run program, in which for an enrolled shareholder, the program takes the company's stock dividend payout to the investor, to buy more shares in the company's stock.


RCTI

(finance) Initialism of recipient-created tax invoice.


BOSS

(US, finance) Initialism of Bond and Option Sales Strategy.


PRA

Coordinate term: FSA

The FSA believed in ‘market discipline’ and failed to get its message across. The PRA will be different, its boss promises[.]

2011 May 19, Jill Treanor, “Spotlight falls on City watchdog Sants”, in The Guardian, →ISSN:

w:Prudential Regulation Authority (United Kingdom)

(British, finance, insurance) Initialism of Prudential Regulation Authority.


overmargin

en-verb

overmargin (third-person singular simple present overmargins, present participle overmargining, simple past and past participle overmargined)

overmargins (present singular third-person)
overmargining (participle present)
overmargined (participle past)
overmargined (past)

Algorithms in current use differ in their ability to select a matching that does not overmargin a complicated position.

1984, Stephen Figlewski, Margins and Market Integrity: Margin Setting for Stock Index Futures and Options:

Finally, exchanges need to be wary of adverse selection — positions that are undermargined would be heavily used while those that are overmargined would be less popular.

2010, Robert W. Kolb, Lessons from the Financial Crisis, →ISBN:

Bulging with overconfidence, they load up their accounts and way overmargin themselves.

2014, James Cordier, Michael Gross, The Complete Guide to Option Selling, →ISBN:

(finance) To invest too much on margin, increasing risk and limiting operating capital.


undermargin

In the instant case, it should be noted that the petitioner did not know the exact abount of its undermargin, and that even after its request for a statement of account, it was only some three months thereafter that private respondents were able to comply.

1978, The Philippine Law Report - Volume 5, page xcvii:

An undermargin or shortfall in security can occur at any time during a company's business cycle.

1990, CA Magazine - Volume 123, page 36:

A $2,000 decrease in a long account would only have resulted in an undermargin amount of $1,000.

1995, Michael T. Reddy, Securities operations:

(finance) A shortfall; the amount by which the value of an investment purchased on margin falls below the required maintenance amount.


undermargin

undermargin (third-person singular simple present undermargins, present participle undermargining, simple past and past participle undermargined)

undermargins (present singular third-person)
undermargining (participle present)
undermargined (participle past)
undermargined (past)

LL-Q1860 (eng)-Flame, not lame-undermargin.wav

In view of the second aspect of its control function, the Federal Reserve Board prohibits, with specified limited exceptions, the wisthdrawal of securities from general accounts where such withdrawals would undermargin such accounts.

1973, American jurisprudence: a modern comprehensive text statement of American Law, State and Federal, Volume 69, page 852:

Marchisi's account had a negative equity of $492 and was undermargined by $4,534.

2006, David J. Sharp, Cases in Business Ethics, →ISBN, page 32:

(finance) To fall below margin; to create an undermargin.


payrun

(accounting) The periodic calculation of a payroll.


unreconcile

unreconcile (third-person singular simple present unreconciles, present participle unreconciling, simple past and past participle unreconciled)

unreconciles (present singular third-person)
unreconciling (participle present)
unreconciled (participle past)
unreconciled (past)

To unreconcile the item, click on the tick. It will disappear and the item will be unreconciled. Remember that all reconciled amounts must be ticked off on the bank statement as reconciled.

2000, Applied Accounting for the Microcomputer User, page 76:

To unreconcile the transaction, start at the main dashboard, click on the bank account and tab across to the list of account transactions. Find the transaction and drill down into it […]

2015, Heather Smith, Xero For Dummies, page 224:

(transitive, accounting) To undo the reconciliation of.


euromarket

(finance) Any financial market that issues securities in currencies other than the country of origin (whether or not any European currency is involved).

(finance) The market of the European Union as a whole.


cross-cast

cross-cast (third-person singular simple present cross-casts, present participle cross-casting, simple past and past participle cross-cast)

cross-casts (present singular third-person)
cross-casting (participle present)
cross-cast (participle past)
cross-cast (past)

(accounting) To add up the separately computed totals from each column to ensure that they agree with the overall total.


upstream loan

(business, finance) A loan made to a parent company by one of its subsidiaries.


under the rule

No party shall be permitted to supply offers to buy or sell Securities closed for his account “under the rule.”

1908, New York Produce Exchange, Report, page 349:

A contract which has not been fulfilled according to the terms thereof may be officially closed “under the rule” by the Secretary, or by a member of the Committee on Arrangements, as herein provided.

1931, Charles Harrison Meyer, The law of stockbrokers and stock exchanges, and of commodity brokers and commodity exchanges:

(finance) Of a deal: concluded by the secretary of the stock exchange when the actual dealer has failed to do so.


carried interest

(finance) A share of the profits of an investment paid to the investment manager in excess of the amount that the manager contributes to the partnership.


decacorn

From deca- (“ten”) + -corn, by analogy with unicorn.

Coordinate term: unicorn

Today, the delinquent decacorn of Silicon Valley announced Uber Freight, a bid to bring the ride hailing model to trucking.

2017 May 18, Alex Davies, “With Uber Freight, Travis Takes On Trucking”, in Wired:

It's not the only domestic decacorn (a unicorn at least ten times over) targeting a 2019 debut.

2018 November 26, Alex Wilhelm, Savannah Dowling, “2019 Could Be The Year Of The Decacorn IPO”, in Crunchbase:

Indonesian ride-hailing service Go-Jek's value was estimated at $10 billion by a U.S. market intelligence company, putting it in the ranks of startups called decacorns.

2019 April 6, Karlis Salna, “Go-Jek Joins 'Decacorn' Ranks With $10 Billion Valuation”, in Bloomberg:

Many of the biggest so-called decacorns, or privately held companies with valuations of at least $10 billion, have filed to go public in the past several months. Among them are Lyft, the ride-hailing company, and Pinterest, the digital pin board.

2019 April 29, Michael J. de la Merced, Andrew Ross Sorkin, “WeWork Files for I.P.O., Joining Wave of Cash-Burning Start-Ups in Going Public”, in New York Times:

(finance) A private startup with a valuation of US$10 billion or greater.


exchequer bill

(finance) A bill issued at the Exchequer, under the authority of acts of parliament, as security for money advanced to the government.


arbable

en-adj

arbable (comparative more arbable, superlative most arbable)

more arbable (comparative)
most arbable (superlative)

(finance) Arbitrageable; capable of being arbed.


market cap

Software vendor Novell has just $500 million in revenues but a $4.1 billion market cap.

2010, Aaron Anderson, editor, The Making of a Market Guru, John Wiley & Sons, →ISBN, page 154:

market capitalization
market capitalization#English

(finance) Clipping of market capitalization.


arbitrageable

arbitrageable (comparative more arbitrageable, superlative most arbitrageable)

more arbitrageable (comparative)
most arbitrageable (superlative)


Kaffir Circus

He became the central figure in a nation of frenzied speculators who made the so-called “Kaffir Circus” the wildest financial orgie in the history of the world.

1897, The Review of Reviews, volume 16, page 19:

(finance, slang, historical) Traders in South African mining shares.


currency intervention

(finance) The buying or selling of foreign currency by a government or central bank in exchange for their own domestic currency, generally with the intention of influencing the exchange rate and trade policy.


nursery finance

(finance) The lending of money to profitable private companies that intend on going public in the near future.


bet the jockey, not the horse

(finance) One should invest based on the management team behind a venture, rather than on the product or service being sold.


job backwards

en-verb

job backwards (third-person singular simple present jobs backwards, present participle jobbing backwards, simple past and past participle jobbed backwards)

jobs backwards (present singular third-person)
jobbing backwards (participle present)
jobbed backwards (participle past)
jobbed backwards (past)

They maintain that Sir William has "jobbed backwards"; that people who invested in the mines were indulging in a speculation, and that because the speculation has failed the whole matter has been considered by Sir William as if it concerned […]

1941, The Economist, volume 140, page 46:

[…] it would seem necessary to undertake a series of ex post studies, selecting present major science-based industries and jobbing backwards so as to relate their present value to the network of scientific discoveries judged essential to them.

1969, Ian Charles Rayner Byatt, Adrian Victor Cohen, An attempt to quantify the economic benefits of scientific research:

(intransitive, chiefly finance) To reassess one's original decisions (e.g. investments) with hindsight, determining how they might have been better chosen.


paper credit

(finance) Credit extended to a person because they show by bills, promissory notes, etc. that money is owed to them.


index fund

(finance) A fund that tracks a specific basket of underlying investments.


tax point

(finance) The date on which a transaction takes place for the purpose of calculating value added tax.


EMV

Originally an initialism for "Europay, Mastercard, Visa", the three companies that created the standard.

(finance) A payment method based upon a technical standard for smart payment cards and the terminals and ATMs that can accept them.


in-and-out trading

Virtually all of this in-and-out trading was speculative, as is usually the case when traders enter and leave the market on the same day.

1957, United States. Congress. House. Committee on Agriculture, Milk: Hearings Before the Subcommittee on Dairy Products:

(finance) The practice of buying shares and then selling them shortly afterward.


outclearing

en-noun

outclearing (countable and uncountable, plural outclearings)

From out + clearing. Compare inclearing.

(finance) The sending of cheques to a clearing house to be cleared.


cashtag

(Internet, finance, neologism) A kind of hashtag that links to a stock quote.


book debt

(finance) A debt for articles charged by the seller in their book account.


algotrading

(finance) Automated computerized trading in financial markets.


three per cents

(finance, historical) Bonds or other securities paying 3% interest, especially a portion of the consolidated debt of Great Britain.


public funds

Some preliminary legal arrangements were made, but the scheme proceeded no further, as the various local authorities concerned were unwilling to speculate public funds on what was, even at that date, a will o' the wisp.

1951 May, R. K. Kirkland, “The Cavan & Leitrim Railway”, in Railway Magazine, page 345:

(finance) Money lent to government for which interest is paid of a stated amount at a stated time.


at short sight

bills at short sight

(finance, archaic) (payable) soon after being presented


journalization

journalization (countable and uncountable, plural journalizations)

(accounting) The act of recording in a journal.


ELN

equity-linked note
equity-linked note#English

(finance) Abbreviation of equity-linked note.


indirect cost

Coordinate term: direct cost

When you deduct the direct and indirect costs, the picture looks a little different. Only mail and coal traffic generated a net revenue when accounting for all costs, not just direct operating costs.

2023 March 8, Gareth Dennis, “The Reshaping of things to come...”, in RAIL, number 978, page 46:

(finance, business, accounting) Any cost that is not directly accountable to a cost object (such as a particular project, facility, function, or product). They include administration, personnel and security costs.


recollateralization

(finance) A second or subsequent collateralization.


capital adequacy

(accounting) Percentage ratio of a financial institution's primary capital to its assets, used as a measure of its financial strength and stability.


cum-ex

(finance) Being or relating to a tax fraud scheme in which traders buy shares cum dividend and sell them ex dividend, yielding above-normal profits.


steepener

Steepeners are one example where cashflows are computed as difference between two swap rates, e.g. the 10 years and the 5 years. As the name of instrument suggests, this gives a view on the steepness of the swap curve.

2009, Giovanni Cesari, John Aquilina, Niels Charpillon, Modelling, Pricing, and Hedging Counterparty Credit Exposure, page 155:

Provided that the curve doesn't ever flatten too much and the option remains out-of-the-money, then we will put on flatteners when the curve steepens and put on steepeners when the curve flattens.

2012, Howard Corb, Interest Rate Swaps and Other Derivatives, page 451:

(finance) A trade whose terms are based on the assumption that the rate of return will increase.


educational visit

educational visit (plural educational visits)

The purpose of an educational visit was to tell the trader what the tax was and what he had to do […]

1975, Parliamentary Papers, House of Commons and Command:

In practice, this is not always possible, but an educational visit should be paid to every trader not later than six months after VAT starts.

1988, Alan A. Tait, Value Added Tax: International Practice and Problems, page 176:

Nor can they expect to rely on the lack of an educational visit from an officer of Customs and Excise. If everyone were able to rely on that it would be too easy a way out of getting the tax return wrong.

1991, Value Added Tax Tribunals Reports, page 161:

(UK, finance) An official visit by a government representative to a person or company registered for VAT (value added tax) to ensure they understand their tax obligations.


negative interest

(finance) A fee deducted from money to be stored in a bank, instead of interest paid on that money.


negative deficit

negative deficit (plural negative deficits)


blue button

Coordinate term: red button

Unauthorized clerks or Blue Buttons can make enquiries in the House and ask for prices but may not enter into any contract, while Red Buttons are clerks entitled to work in the Settling or checking Room.

1954, Margaret Shelly Rix, Stock Market Economics, page 17:

Then a blue button dashed to the box to pick up the call.

1987, The Director, volume 41, number 3, page 118:

When the market closed at 3.30 pm, the entire jobbing community exited the Stock Exchange, walking in procession back to their offices, followed by a file of blue buttons struggling to carry cumbersome dealing books.

1998, John Littlewood, The Stock Market: 50 Years of Capitalism at Work, page 333:

(UK, finance, historical) An unauthorized clerk in the stock exchange.


IRHP

(finance) Initialism of interest rate hedging product.


cross-collateralization

cross-collateralization (countable and uncountable, plural cross-collateralizations)

(finance) The situation where the collateral for a loan is also used as collateral for another loan.


overfoot

en-verb

overfoot (third-person singular simple present overfoots, present participle overfooting, simple past and past participle overfooted)

overfoots (present singular third-person)
overfooting (participle present)
overfooted (participle past)
overfooted (past)

Another device is to underfoot the accounts receivable column and the net cash column in the record of cash receipts and to underfoot the debit or overfoot the credit side of one or more accounts in the customer's ledger by equal amounts.

1932, Frank Hatch Streightoff, Advanced Accounting, page 140:

Stay away from the client or taxpayer who conceals, pads, overstates or understates, alters, duplicates, overfoots or underfoots, diverts, manipulates, omits, falsifies and flagrantly disregards the IRS regulations.

In manually balancing the cash receipts journal prior to posting to the ledgers, it is quite possible to underfoot or overfoot columns deliberately in order to manipulate the account records to cover cash shortages.

1983, Accounting and information systems: instructor's manual, →ISBN, page 258:

(accounting) To assign a column summary that is greater than the sum of all the entries in that column.


FP&A

(finance) financial planning and accounting / analysis


MTM

Coordinate term: HTM


single-entry

Coordinate term: double-entry

(accounting) Describing a method of bookkeeping that relies on a one-sided accounting entry to maintain financial information, with each entry appearing only once on one side or other of the account.


top-slicing

(finance) A means of spreading a single year's chargeable event gain (CEG) over a number of years, for the purpose of calculating how much income tax is due.


robo-advisor

The flow of funds into robo-adviser accounts is expected to accelerate because of new federal regulations, which require all financial professionals to put their customers’ interests first, at least when providing advice on their tax-advantaged retirement accounts.

2016 April 29, Tara Siegel Bernard, “The Pros and Cons of Using a Robot as an Investment Adviser”, in The New York Times, →ISSN:

He suggested using Betterment, a roboadviser that automates the investing process with long-term portfolios.

2021 April 28, Tara Siegel Bernard, “Trading Stock Tips on TikTok, Newbies Are Deeply Invested in Learning”, in The New York Times, →ISSN:

(finance, neologism) An automated investment manager.


superbear

LL-Q1860 (eng)-Flame, not lame-superbear.wav


BIR

w:Bureau of Internal Revenue (Philippines)

(Philippines, accounting) Initialism of Bureau of Internal Revenue (Philippines).


pyramid trading

(finance) A strategy by which the trader gradually adds to an existing trade or position as the price moves in the expected direction.


alternative investment fund

en-noun

alternative investment fund (plural alternative investment funds)

collective investment scheme
collective investment scheme

financial instruments
financial instruments

(finance) collective investment scheme investing in all asset classes and a wide range of financial instruments


investment strategy

investment strategy (plural investment strategies)

(finance) set of rules, behaviors or procedures, designed to guide an investor's selection of an investment portfolio


FCM

FCM (countable and uncountable, plural FCMs)

(finance) Initialism of futures commission merchant.


CRU

(finance) Initialism of collective reserve unit.


special situation

special situation (plural special situations)

(finance) An atypical event with the potential to alter the future course of a business, with material impact on the company's value.


Big Board

(finance, colloquial) The New York Stock Exchange.


billback

billback (countable and uncountable, plural billbacks)

Take greater advantage of opportunities to recover costs through billback agreements, which allow the Government to make warrantied repairs and obtain reimbursement from the manufacturer when it is impracticable to return trucks to an authorized dealer.

1974, Annual Report of the General Accounting Office, United States: General Accounting Office, page 112:

Please explain the procedure you have established to determine which headquarters activities will be funded through billbacks to the district offices.

1993, United States. Congress. House. Committee on Appropriations. Subcommittee on Energy and Water Development, Energy and Water Development Appropriations for 1994:

(accounting) The process of charging the client for a portion of the cost of resources that the client has used in order to recover the capital expense.


red herring prospectus

red herring prospectus (plural red herring prospectuses or red herring prospectus)

red herring prospectuses (plural)
red herring prospectus (plural)

So called because of the red disclaimer on its front page.

(finance) A document that must be submitted by the issuing company as part of a public offering of securities.


scheduled territory

scheduled territory (plural scheduled territories)

(banking, finance) Any of the countries that use the pound sterling as currency, or peg their own currencies to it.


don't fight the tape

(finance) Do not bet or trade against the trend in the financial markets.


paper gold

special drawing right
special drawing right


Jensen's alpha

First used as a measure in the evaluation of mutual fund managers by Michael C. Jensen in 1968.

(finance) A metric used to determine the abnormal return of a security or portfolio over the theoretical expected return.


Treynor ratio

(finance) A measurement of the returns earned in excess of that which could have been earned on an investment that has no diversifiable risk, per unit of market risk assumed.


cats and dogs

(heavy rain): Probably derived from rain cats and dogs.

(finance) Stocks that can be purchased cheaply but are unlikely to produce much profit.


trading curb

(finance) A financial regulatory instrument to prevent stock market crashes from occurring, by temporarily shutting down trading to allow accurate information to flow between parties.


liquidity provider

liquidity provider (plural liquidity providers)

(cryptocurrencies) A decentralized exchange user who funds a liquidity pool with tokens that they own to facilitate trading on the platform and earn passive income on their deposit.


bid-ask spread

(finance) The difference between the prices quoted (by a market maker or an order book) for an immediate sale ("offer") and an immediate purchase ("bid") for stocks, futures contracts, options, or currency pairs.

árfolyam-különbözet

the difference between the prices quoted (by a market maker or an order book) for an immediate sale ("offer") and an immediate purchase ("bid") for stocks, futures contracts, options, or currency pairs

vételi és eladási ár/árfolyam különbsége/különbözete

vételi és eladási árfolyam közötti különbség/különbözet


good delivery

The fine gold content of a good delivery bar is calculated to 0·001 of a troy ounce by multiplying the gross weight by the assay. The members of the London gold market reserve the right to vary this formula if they consider this necessary.

1974, International Currency Review, volume 6, page 15:

The metal must be in a form that the LPPM accepts as good delivery.

2000, William Black, The Platinum Group Metals Industry, page 25:

(finance, often attributive) A set of rules describing the physical characteristics of gold and silver bars used in settlement in the wholesale London bullion market.


dollarydoo

Blend of dollar + didgeridoo. A faux-Australianism originally coined as "dollaridoos" by television writers Bill Oakley and Josh Weinstein for “Bart vs. Australia”, a 1995 episode of the animated sitcom The Simpsons.

Bruno: "Nine hundred dollaridoos? Tobias! Did you accept a six-hour collect call from the states?"
Tobias: "It was an emergency call from the International Drainage Commission in Springfield."
Bruno: "Oh my God! There's nothing wrong with the bidet, is there?"

1995 February 19, Bill Oakley, Josh Weinstein, “Bart vs. Australia”, in The Simpsons, season 6, episode 17, production code 2F13:

2015 24 December, Cam Tyeson, Merry Christmas to All Y'all, from Yr Gr8 m8s at Pedestrian.tv, Pedestrian.tv.
"And maybe spare a thought - or a spare dollarydoo or two - for those less fortunate than you.

2016 23 March, Shayen de Silva, Premiere: A picture of restlessness and weathered love, Tom Stephens will leave you heartbroken on Down to Rest, Happymag.tv.
"Tickets will be available at the door for a cool 10 dollarydoos."

Bandit: "I'd like that one, please."
Bluey: "Four hundred dollarydoos."

2018 October 6, Joe Brumm, “The Weekend”, in Bluey, season 1, episode 6:

2019 12 May, Labor Will Pump Over $30 Million Into Aussie Music, Ban Scalpers If It Wins The Election, Musicfeeds.com.au.
"Opposition leader Bill Shorten & co popped the cork on their arts funding plan at Melbourne’s Espy this weekend, allocating a mouth-watering $20 million dollarydoos to the Australian Music Live Music Fund to support live music venues, hotels, restaurants, cafes, festivals, precinct events and musos."

(Australia, informal, finance) The Australian dollar.

Bart vs. Australia
Bill Oakley
Josh Weinstein
The Simpsons


NPV

NPV (countable and uncountable, plural NPVs)

net present value
net present value#English

(finance) Initialism of net present value.


INSTEX

w:Instrument in Support of Trade Exchanges

(finance) Acronym of Instrument in Support of Trade Exchanges.


diagonal spread

diagonal spread (plural diagonal spreads)

(finance) In derivatives trading, an options spread position having features of both a calendar spread and a vertical spread. It is established by simultaneously buying and selling equal amount of option contracts of the same type (call or put) but with different strike prices and expiration dates.


corona bond

(finance) A proposed bond to assist countries during the COVID-19 pandemic.


mezzanine debt

(finance) Debt related to mezzanine financing.


mezzanine financing

mezzanine financing (usually uncountable, plural mezzanine financings)

(finance) A form of corporate financing based on debt which is senior to common stock shares but subordinate to other equity.


statement of affairs

statement of affairs (plural statements of affairs)

(business, finance) A financial accounting, listing all assets and debts, that is used as part of a bankruptcy proceeding.


CRA

(Canada, finance) Initialism of Canada Revenue Agency (“Revenue Canada”). The national taxation authority in Canada


CRA

credit reference agency
credit reference agency#English

(finance) Initialism of credit reference agency.


remargin

en-verb

remargin (third-person singular simple present remargins, present participle remargining, simple past and past participle remargined)

remargins (present singular third-person)
remargining (participle present)
remargined (participle past)
remargined (past)

Positive denial is made by local dealers of the report from New York that Chicago owners of storage eggs will be required to remargin their holdings at $1.50.

1912, New York Produce Review and American Creamery:

By making only a small additional margin deposit, or in some cases no additional deposit, a purchaser can remargin his account and buy more silver.

1975, Commodity Futures Law Reporter, page 42:

Note that, for repo-style transactions with core market participants, the haircut may be set to zero, provided that: both the exposure and the collateral are cash or a sovereign security qualifying for a 0% risk weight; no currency mismatch exists between the exposure and the collateral; the transaction is overnight or marked-to-market and remargined daily; the collateral can be liquidated within four days if the counterparty fails to remargin; the transaction is settled across a proven settlement system and governed by standard documentation (specifying that, if the counterparty fails on its obligations, then the transaction is immediately terminable and the collateral can immediately be seized and liquidated).

2004, Michael K. Ong, The Basel Handbook: A Guide for Financial Practitioners, page 94:

(finance) To update the margin on an investment; to check and if necessary adjust the collateral security to a broker in case the price of an investment has changed more than the current margin can cover.


TOPIX

Market talk in Tokyo on the 26th was less on the Nikkei's new high, but on the broader TOPIX index which reached a high for the year. The TOPIX tends to lag behind the blue chip heavy Nikkei.

2013 December 26, Stephen Harner, “Whither Japan Stocks: Toyota, Nomura, Daiwa, Softbank, and Japan McDonald's”, in Forbes:

The past few months have been cheerful for investors in Japan's stockmarket. The Topix index of Japan's leading companies has risen by 35% since March to just over 1,000, driven in part by better macroeconomic news:[…]

2003 September 11, “Don't get your hopes down yet”, in The Economist:

(finance) Acronym of Tokyo Stock Price Index.


day order

(finance) An instruction to carry out a trade only if the asset to be traded reaches a certain price during the current trading day.


rights issue

(finance) A dividend of subscription rights to buy additional securities in a company, made to the existing security holders.


AVS

Address Verification Service
w:Address verification service

(finance) Initialism of Address Verification Service.


crowdfactoring

From crowd + factoring, by analogy with crowdsourcing and crowdfunding.

(finance) Selling debts to a crowd of agents (the factors)


ROCE

(finance) Abbreviation of return on capital employed.


exercise price

(finance) Synonym of strike price: the price at which an option can be exercised.


Eurosterling

(finance) A deposit, in pounds sterling, held in a bank outside of the United Kingdom.


Eurofranc

(finance, historical) A deposit, in French francs, held in a bank outside of France.


Euromark

(finance, historical) A deposit, in Deutsche Marks, held in a bank outside of Germany.


Euroeuro

(finance) A deposit, in the euro currency, held in a bank outside of the Eurozone.


Euroyen

(finance) A deposit, in Japanese yen, held in a bank outside of Japan.


Eurokoruna

(finance, historical) A deposit, in korunas, held in a bank outside of the countries that used that currency.


Euroguilder

(finance, historical) A deposit, in Dutch guilders, held in a bank outside of the Netherlands.


lockaway

For the investor, the indications are that the shares of soundly managed important airframe makers are the best current aircraft industry buys for long term lockaways.

He thinks investment trusts should be viewed as long-term lockaways, which can be held almost indefinitely, so he steers clear of more aggressively managed trusts.

1997, Investors Chronicle, volume 122, numbers 1548-1558, page 62:

(finance) A long-term investment to be left alone until some future time.


PITI

Although in theory the initial PITI costs in the Section 502 program are set at 20 percent of household income, in reality the ratio of housing costs to income appears to be variable.

1995, Roberto G. Quercia et al., “Mortgage Default among Rural, Low-Income Borrowers”, in Journal of Housing Research, volume 6, number 2, →JSTOR:

(finance) Acronym of Principal, interest, taxes, and insurance.


certainty equivalent

en-noun

certainty equivalent (plural certainty equivalents)

(finance) The guaranteed amount of money that an investor regards as equally desirable as a risky asset.


go-go fund

(finance) A fund offering potentially high returns but with very high risk.


currency cocktail

currency cocktail (plural currency cocktails)

(finance) A portfolio of different currencies.


TWAP

(finance) Initialism of time-weighted average price.


go short

en-verb

go short (third-person singular simple present goes short, present participle going short, simple past went short, past participle gone short)

goes short (present singular third-person)
going short (participle present)
went short (past)
gone short (participle past)

(finance) To sell a financial product (such as a share) now, even though one does not presently own it, in the hope of buying it more cheaply for delivery at a later date, so as to profit from a fall in price below the price at which one sold it; cf. go long.


account current

en-noun

account current (plural accounts current)

(finance) A regularly updated record of transactions between two parties showing what is owed or due to each party or a statement summarizing the position.


snake in the tunnel

(finance, historical) The first (1970s) attempt at European monetary cooperation, essentially pegging all of the EEC currencies to one another.


liberty bond

(US, historical, finance) A war bond sold in the United States to support the Allied cause in World War I.


retained earnings

(accounting) The amount of net income left over for a business after it has paid out dividends to its shareholders.


microcurrency

microcurrency (countable and uncountable, plural microcurrencies)

(finance, rare) A currency limited to a certain region or context, often intended for very specific commodities.


arber

(finance, gambling, informal) One who engages in arbitrage; an arbitrageur.


ACCA

w:Association of Chartered Certified Accountants

(accounting, organisation) Initialism of Association of Chartered Certified Accountants.


ICAEW

w:Institute of Chartered Accountants in England and Wales

(accounting, organisation) Initialism of Institute of Chartered Accountants in England and Wales.


CIMA

w:Chartered Institute of Management Accountants

(accounting, organisation) Initialism of Chartered Institute of Management Accountants.


CFAI

(finance, organization) Initialism of CFA Institute.


neobank

Coordinate term: challenger bank

Digital-only neobanks, offering no-fee accounts, high-speed sign-ups and intuitive user interfaces, are hoping to disrupt the way Australians save and spend their money – by making products people actually like.

2019 September 21, Alyx Gorman, “A bank you might like: apps' unlikely pitch out to disrupt Australian habits”, in The Guardian, →ISSN:

It comes only 18 months after Schroders ploughed £9.9m into the firm as part of a big funding round for Revolut, which the asset manager lauded as an “ambitious neobank”, in the summer of 2021.

2023 April 24, Kalyeena Makortoff, “Revolut’s place as UK’s top fintech firm at risk after Schroders writedown”, in The Guardian, →ISSN:

(finance) A modern type of direct bank that operates exclusively online without a traditional physical branch network.


inventoriable

inventoriable costs

(accounting) Of costs: being those directly associated with the manufacture of products to be sold.


FSCS

w:Financial Services Compensation Scheme

(UK, finance) Initialism of Financial Services Compensation Scheme.


contingency cost

contingency cost (plural contingency costs)

From contingency + cost. Do not confuse with cost contingencies.

(accounting) An expense incurred precautionarily for a use that may not occur such as an event of damage or a change order.


multilender

(finance) Involving more than one lender.


P&L

P&L (countable and uncountable, plural P&Ls)

Mark-to-market is the calculation that shows your unrealized P&L based on where you could close your open positions in the market at that instant.

2011, Mark Galant, Brian Dolan, Currency Trading For Dummies, John Wiley & Sons, →ISBN, page 52:

(finance) Abbreviation of profit and loss.


MNPI

(law, business, finance) Initialism of material non-public information: information which is relevant to a trading decision but is not publicly known, giving rise to the possibility of insider trading.


dark pool

(finance) A private forum for trading securities, derivatives, and other financial instruments.


hard currency

hard currency (countable and uncountable, plural hard currencies)

(economics, finance) Any globally traded currency that serves as a reliable and stable store of value.


letter stock

letter stock (countable and uncountable, plural letter stocks)


tracking stock

tracking stock (countable and uncountable, plural tracking stocks)

(finance) A specialized equity offering issued by a company that is based on the operations of a wholly-owned subsidiary of a diversified firm.


limit order

(finance) An order to buy a security at no more than, or sell at no less than, a specified price, thus not performing the transaction at all if this price is not available.


multibagger

From multi- + bag + -er; coined by Peter Lynch in his 1988 book One Up on Wall Street, in reference to baseball, where "bags" or "bases" that a runner reaches are the measure of the success of a play.

(finance) An equity stock that gives a return of more than 100%.


Chinese money

Some people, though, are beginning to question the growing use of convertible securities - or so-called Chinese money - to acquire companies.

1982, Financial World, volume 151, page 75:

[…] who had begun as a bond salesman specializing in the convertible debentures and other so-called “Chinese money” generated by men like Evans and by the conglomerate acquisitions of the sixties […]

2001, Diana B. Henriques, The White Sharks of Wall Street:

(finance, informal) Risky alternatives to cash, such as convertible securities, low interest debentures, or warrants, when they are used to purchase shares in a company.


base rate

On loans to higher-risk customers, the bank charges 5% above the base rate.

(finance) A benchmark interest rate, from which other interest rates are calculated; a policy rate.

(finance, UK) Especially, the interest rate at which the Bank of England lends money to commercial banks.


average down

en-verb

average down (third-person singular simple present averages down, present participle averaging down, simple past and past participle averaged down)

averages down (present singular third-person)
averaging down (participle present)
averaged down (participle past)
averaged down (past)

(finance) To buy more of a product, especially more shares, at a lower price than a previous purchase, so that the average price paid for one's holding is lowered.


retail price

(management, accounting) The price that customers pay for goods in stores.


third market

Coordinate term: fourth market

(finance) The trading of exchange-listed securities over the counter rather than through the exchange.


xenocurrency

(finance) Any currency that is traded outside its domestic borders.


stock price

(finance) A stock's fluctuating price on the relevant financial market where its type is traded.


meme stock

LL-Q1860 (eng)-Flame, not lame-meme stock.wav

Journalists covering the story have tended to gesture towards possible impetuses, and there are undoubtedly many underlying factors that led to r/wallstreetbets’ choosing GameStop as a “meme stock”, which have surely evolved with the saga (screwing Wall Street; making money; a genuine belief in the fundamentals of GameStop’s business model).

2021 January 28, Dan Dixon, “Anarchy, in-jokes and trolling: the GameStop fiasco is 4chan-think in action”, in The Guardian:

Individual YOLO decisions can be chalked up to many factors: cabin fever, low interest rates, the emergence of new get-rich-quick schemes like NFTs and meme stocks.

2021 April 21, Kevin Roose, “Welcome to the YOLO Economy”, in The New York Times, →ISSN:

(finance, Internet slang) A company's stock that is hyped up and overbought by inexperienced investors, leading it to be overvalued.


CSX

(finance) An abbreviation for a stock exchange in Cambodia. It stands for the Cambodia Securities Exchange.


pivot point

(finance) A price level that may indicate market movement, being an average of significant prices (high, low, close) during a previous period.


ADV

(finance) Initialism of average daily volume.


savings and loan

en-noun

savings and loan (plural savings and loans)

Sure, if we own an aerospace contracting company, a five-thousand-acre sugar-beet farm, or a savings and loan with the president's son on the board of directors, we can soak Uncle Sucker for millions.

2015, P. J. O'Rourke, Thrown Under the Omnibus: A Reader:

building society
building society#English

(US, finance) Synonym of building society.


NDF

non-deliverable forward
non-deliverable forward#English

(finance) Initialism of non-deliverable forward, a cash-settled FX forward.


PEAD

post–earnings-announcement drift
w:post–earnings-announcement drift

(finance) Initialism of post–earnings-announcement drift.


odd lotter

(finance) An investor who purchases odd lots.


RMD

RMD (countable and uncountable, plural RMDs)

required minimum distribution
w:required minimum distribution

(countable, US, finance) Initialism of required minimum distribution.


spot date

(accounting) The normal settlement day when the transaction is carried out as soon as practical, i.e. "on the spot".


trade date

(accounting) the date on which a security trade occurs.

kaupantekopäivä

The date when a transaction appears in an account


settlement date

settlement date (plural settlement dates)

(accounting) The date on which a trade (bonds, equities, foreign exchange, commodities, etc.) settles.

suorituspäivä

date when a transaction appears in an account


entry date

(accounting) The date when a transaction (that is, an allocation of funds) appears in an account.

and one distinctly refers to the action itself with Buchung


TRN

(finance) Initialism of transaction reference number., a reference code for a bank transfer


megahash

(computing, cryptocurrencies) A million hashes.


terahash

(computing, cryptocurrencies) A trillion (10¹²) hashes.


hashrate

Specialized hardware like a GPU is designed to do large numbers of small tasks very quickly, and so excel at hashing: typically a single GPU can produce a hashrate at least ten times faster than that of a single CPU.

2017, Adam Rothstein, The End of Money, John Murray Press, →ISBN:

(computing, cryptocurrencies) The number of proof of work hashes that a mining computer can make in a given period of time, usually a second.


STIR

(finance) Acronym of short-term interest rate, often referring to a short-term interest rate future or option.


drop-lock

a drop-lock bond

a drop-lock stock

(finance) Having a floating interest rate until a certain market rate is reached, at which point the interest rate becomes fixed.


soft loan

(finance) A loan with a below-market interest rate and sometimes other concessions to the borrower.


short squeeze

A short squeeze can occur when there is a lack of supply and an excess of demand for the stock due to short sellers covering (liquidating) their positions.

(finance) A rapid increase in the price of a stock caused primarily by technical factors in the market rather than underlying fundamentals.


dumb money

These markets attract a lot of dumb money. These are investors who are buying simply because other people are buying. They're the same people who bought Internet stocks at the peak of the stock market bubble.

2011, David Lindahl, Emerging Real Estate Markets, John Wiley & Sons, →ISBN:

When the dumb money is piling into the market, you know it's about to reach a top, and when the dumb money is fleeing the market, a bottom isn't very far away. Dumb money, which is a heck of a lot of investors, misses the mark on both sides.

2014, Pamela Yellen, The Bank On Yourself Revolution, BenBella Books, Inc., →ISBN, page 27:

(collective, finance) Individual, noninstitutional investors considered as a group; by extension, the money invested by such people.


DeFi

DeFi services use smart contracts, cryptocurrency, and blockchain to replace some of the services that banking has traditionally provided.

2020, Lorne Lantz, Daniel Cawrey, Mastering Blockchain, O'Reilly Media, →ISBN, page 158:

DeFi eliminates human intermediaries like brokers, bank clerks and traders, and instead uses algorithms to execute financial transactions, such as lending and borrowing.

2021 September 5, Eric Lipton, Ephrat Livni, “Crypto’s Rapid Move Into Banking Elicits Alarm in Washington”, in The New York Times, →ISSN:

decentralized finance
decentralized finance#English

(finance, cryptocurrencies) Acronym of decentralized finance.


repayment mortgage

repayment mortgage (plural repayment mortgages)

Coordinate term: endowment mortgage

(finance) A type of mortgage (typically a loan to buy a house) in which, over the term of the loan, the borrower gradually repays the loan principal, in addition to paying interest, so that at the end of the term the principal is wholly repaid.


yield burning

(finance) A form of financial fraud involving the United States municipal bond market.


phantom debt

phantom debt (countable and uncountable, plural phantom debts)

(finance) Debt that is old, defaulted, or not owed but has somehow been revived, henceforth haunting the presumed debtor.


OCO

(finance) Initialism of one cancels other, a type of order.


CMBS

(finance) Initialism of commercial mortgage-backed security.


PFOF

payment for order flow
payment for order flow#English

(finance) Abbreviation of payment for order flow, compensation that a broker receives for routing a customer order to a market maker.


PIPE

(finance) Acronym of private investment in public equity.


UHFT

UHFT (countable and uncountable, plural UHFTs)

ultra-high-frequency trading
ultra-high-frequency trading#English

(finance) Initialism of ultra-high-frequency trading.

ultra-high-frequency trader
ultra-high-frequency trader#English

(finance) Initialism of ultra-high-frequency trader.


NFT

NFT (countable and uncountable, plural NFTs)

NFTs can be used to represent ownership of a digital or physical asset; for example, CryptoKitties is an Ethereum game in which each digital collectible kitten is represented with a unique NFT token. NFTs can also be used to represent a piece of digital art, that is unique and non-fungible.

2019, Jitendra Chittoda, Mastering Blockchain Programming with Solidity, Packt Publishing Ltd, →ISBN, page 216:

The Winklevii rode the cryptocurrency wave to the Bloomberg Billionaires Index and are bullish on NFTs. They ask why collecting digital art should be any different from collecting rare baseball cards.

2021 February 17, Mickey Rapkin, “‘Beeple Mania’: How Mike Winkelmann Makes Millions Selling Pixels”, in Esquire:

“Everydays” was the first purely digital NFT sold by Christie’s, and it offered to accept payment in Ethereum, another first for the 255-year-old auction house.

2021 March 11, Scott Reyburn, “JPG File Sells for $69 Million, as ‘NFT Mania’ Gathers Pace”, in The New York Times, →ISSN:

non-fungible token
non-fungible token#English

(cryptocurrencies) Initialism of non-fungible token.


NFT

en-verb

NFT (third-person singular simple present NFTs, present participle NFTing, simple past and past participle NFTed or NFT'd)

NFTs (present singular third-person)
NFTing (participle present)
NFTed (participle past)
NFTed (past)
NFT'd (participle past)
NFT'd (past)

Typically, the art object that gets NFT’d is a digital file — maybe a JPEG image or an MP4 video — that lives on some hard drive, and that looks or sounds precisely the way it would have in the decades before NFTs came along.

2022 March 3, Blake Gopnik, “One Year After Beeple, the NFT Has Changed Artists. Has It Changed Art?”, in The New York Times:

(transitive, cryptocurrencies, neologism) To associate a non-fungible token (NFT) with.


forward contract

en-noun

forward contract (plural forward contracts)

(finance, commerce) A contract between two parties to buy or sell something on a stated future date at a price agreed now; distinguished from a futures contract in not being standardised or exchange-traded.


preference stock

preference stock (plural preference stocks)

The B.T.C. already owns the whole of the £1,285,000 ordinary capital of the Pullman Car Co. and, in the words of the official statement, the proposal to purchase the publicly held preference stock is intended "to facilitate integration of the Pullman Car operations with those of the Railways Board. This preference stock ... might hinder such integration."

1962 December, “A new Pullman era?”, in Modern Railways, page 361:

preference share
preference share#English


proof of work

proof of work (countable and uncountable, plural proofs of work)

The network timestamps transactions by hashing them into an ongoing chain of hash-based proof-of-work, forming a record that cannot be changed without redoing the proof-of-work.

2008 October 31, Satoshi Nakamoto, “Bitcoin: A Peer-to-Peer Electronic Cash System”, in metzdowd.com Cryptography Mailing List:

Blockchains that use “proof-of-work”, as many popular cryptocurrencies do, raise yet another problem: they require a huge amount of raw energy to secure them.

2018 March 5, Nouriel Roubini, Preston Byrne, “Bitcoin is based on the blockchain pipe dream”, in The Guardian:

(cryptography, cryptocurrencies) A form of cryptographic proof in which a prover proves to verifiers that a certain amount of a specific computational effort has been expended.


PoW

PoW (countable and uncountable, plural PoWs)

With PoW, as new, unverified transactions become available or broadcast to the entire blockchain network, each node that maintains a copy of the ledger (also known as a “miner”) verifies a set of those transactions to prevent so called “double spending”.

2019, Peng Zhang, Role of Blockchain Technology in IoT Applications, Academic Press, →ISBN, page 187:

(countable and uncountable, cryptography, cryptocurrencies) Initialism of proof of work.


sell against the box

Mr. ROCKEFELLER. The large holdings I think I sold back in 1925 or 1926.
Mr. Gray. Did you sell against the box then?

1932, United States. Congress. Senate. Committee on Banking and Currency, Stock Exchange Practices: Hearings Before the Committee, page 332:

(finance) To sell stock that one owns, but deliver stock acquired elsewhere, so that one is effectively selling short and protecting oneself from a fall in the stock.


proof of stake

Coordinate term: proof of work

The purest form of proof of stake is simply to make mining easier for those who can show they control a large amount of currency.

2016, Arvind Narayanan, Joseph Bonneau, Edward Felten, Andrew Miller, Steven Goldfeder, Bitcoin and Cryptocurrency Technologies: A Comprehensive Introduction, Princeton University Press, →ISBN, page 209:

(cryptocurrencies) A process for transaction verification on a blockchain which does not require energy-intensive mining.


cryptocurrency wallet

cryptocurrency wallet (plural cryptocurrency wallets)

But now that you're using the most advanced, futuristic form of money (cryptos, baby!), you're gonna need a brand-new type of wallet to go with it: a cryptocurrency wallet. With a cryptocurrency wallet, you can not only store the value of your digital money but also send and receive currencies.

2019, Kiana Danial, Cryptocurrency Investing For Dummies, John Wiley & Sons, →ISBN, page 95:

(cryptocurrencies, finance) A device, program or a service which stores the public or private keys for cryptocurrency transactions.

kryptovaluuttalompakko

virtual wallet for holding cryptocurrency


dividend stripping

(finance) The practice of buying shares shortly before a dividend is declared and then selling them when they go ex dividend; used as an investment strategy or in tax avoidance.


P&S

purchase and sale agreement
w:purchase and sale agreement

(finance) Initialism of purchase and sale agreement.


currency basket

currency basket (plural currency baskets)

(finance) A portfolio of selected currencies with different weightings, commonly used by investors to minimize the risk of currency fluctuations.


cross-collateralize

en-verb

cross-collateralize (third-person singular simple present cross-collateralizes, present participle cross-collateralizing, simple past and past participle cross-collateralized)

cross-collateralizes (present singular third-person)
cross-collateralizing (participle present)
cross-collateralized (participle past)
cross-collateralized (past)

(finance) To employ cross-collateralization.


chit fund

(finance) A banking system popular in South Asia whereby a group of individuals agree to save or borrow together for a specified amount of time.


without recourse

bill of exchange
bill of exchange#English

(finance) Written on a bill of exchange to indicate that the buyer might not be paid back.


umbrella fund

(finance) A collective investment scheme that exists as a single legal entity but has several distinct subfunds traded like individual investment funds.


FLIP

(finance) Acronym of flexible loan insurance plan.


broad tape

Prior to telecommunications, it used to arrive on ticker tape that was wider than the tape used for stock tickers.

(finance) A Dow Jones transmission of financial figures and business news.


businessman's risk

en-noun

businessman's risk (plural businessman's risks or businessmen's risks)

businessman's risks (plural)
businessmen's risks (plural)

(finance) An investment made in the hope of long-term growth, or as a tax advantage, rather than for short-term income.


fourth market

Coordinate term: third market

(finance) Direct trading between institutions, without the services of broker-dealers.


PPU

(finance) Initialism of profit participation unit.


ESG

ESG (countable and uncountable, plural ESGs)

ESG funds

Advisers are encouraged to engage with their clients on ESG issues rather than merely regard ESG matters as a discrete checkbox compliance requirement.

2013, Benjamin J. Richardson, Fiduciary Law and Responsible Investing: In Nature’s trust, Routledge, →ISBN:

New firms like Arabesque are making ESG data a core part of their strategy. Goldman Sachs has filed with the Securities and Exchange Commission to start an ESG-focused exchange-traded fund.

2016 April 6, David Gelles, “Investing With a Conscience, but Done by a Robot”, in The New York Times, →ISSN:

Much of this year’s letter was devoted to Mr. Fink’s belief that a focus on environmental, social and corporate governance issues — E.S.G., for short — does not conflict with making money.

2022 January 18, Andrew Ross Sorkin, Michael J. de la Merced, “It’s Not ‘Woke’ for Businesses to Think Beyond Profit, BlackRock Chief Says”, in The New York Times, →ISSN:

In a shift in tone from his previously more strident embrace of ESG, Fink emphasised that clients were responsible for their own investment decisions.

2023 April 29, Kenza Bryan, “US investors ditch green funds on ‘woke capitalism’ backlash”, in FT Weekend, page 14:

(business, finance, uncountable) Initialism of environmental/ethical, social and corporate governance.


bondwashing

(finance) The fraudulent purchase and sale of bonds in a way that avoids interest payments and creates a tax advantage.


clean price

(finance) The price of a bond excluding any interest accrued since the bond's issuance and the most recent coupon payment.


discretionary account

discretionary account (plural discretionary accounts)

(finance) An account managed by a professional on behalf of a wealthy individual.


RSU

restricted stock unit
restricted stock unit#English

(stock market, finance) Initialism of restricted stock unit.


floor broker

(finance) An independent member of an exchange who can act as a broker for other members who become overloaded with orders, as an agent on the floor of the exchange.


floor trader

(finance) A member of a stock or commodities exchange who trades on the floor of that exchange for his or her own account.


market letter

(finance) A publication for investors, etc. providing an overview of market conditions.


near money

(finance) Highly liquid assets, other than cash, that can easily be converted into cash.


bed-and-breakfasting

In the case of equities and unit trusts, etc, this can be done by bed and breakfasting (selling one afternoon and buying back first thing the following morning), but care needs to be taken especially in the present volatile state of the stock market.

bed-and-breakfast deal
bed-and-breakfast deal

(finance) The use of bed-and-breakfast deals.


quasimoney

If banks were not required to hold 100 percent reserve requirements over quasi-money, the system would create something unique to the banking sector, that is, it would transform money into credit.

2003, Kenroy Dowers, Pietro Masci, Focus on Capital, page 99:

[…] it compiles (and disseminates) a Monetary Survey that provides consolidated and adjusted balance sheets of the central bank (which issues cash in circulation) and of the deposit money banks (which issue deposit money and quasimoney).

2006, International Monetary Fund, Japan: Report on the Observance of Standards and Codes (ROSC), page 133:


bed-and-breakfast deal

bed-and-breakfast deal (plural bed-and-breakfast deals)

From the idea that one might stay in a bed and breakfast, since the trades take place on two consecutive days.

(UK, finance) The practice of selling a position on the last trading day of the year to establish a tax loss, and then repurchasing early on the first session of the new trading year, to restore the position.


bed-and-breakfast transaction

bed-and-breakfast transaction (plural bed-and-breakfast transactions)

bed-and-breakfast deal
bed-and-breakfast deal#English

(UK, finance) Synonym of bed-and-breakfast deal


noncallability

Without the noncallability feature, the company could be expected to call the bonds and replace them with an issue carrying a lower interest rate if interest rates fell enough to justify the cost of refinancing.

1965, Charles J. Christenson, Strategic Aspects of Competitive Bidding for Corporate Securities, page 22:

(finance) The property of not being callable.


inflationproof

en-adj

inflationproof (comparative more inflationproof, superlative most inflationproof)

more inflationproof (comparative)
most inflationproof (superlative)

(finance) Resistant to the effects of inflation.


EFRP

(finance) Initialism of exchange for related position or exchange of futures for related position, a type of transaction.


overlimit

overlimit (comparative more overlimit, superlative most overlimit)

more overlimit (comparative)
most overlimit (superlative)

(finance) Having more money being charged on a credit card than what is available as credit.


overlimit

en-verb

overlimit (third-person singular simple present overlimits, present participle overlimiting, simple past and past participle overlimited)

overlimits (present singular third-person)
overlimiting (participle present)
overlimited (participle past)
overlimited (past)

(finance) To have more money being charged on a credit card than usually available as credit.


nonannouncement

a nonannouncement day

(finance) On which no earnings announcement takes place.


call option

Coordinate term: put option

(finance) An option to buy a stated quantity of an asset or financial product, such as stock, at a stated price (the strike price), on a stated future date (or range of dates).


put option

Coordinate term: call option

(finance) An option to sell a stated quantity of an asset or financial product, such as stock, at a stated price (the strike price), on a stated future date (or range of dates).


swing credit

(finance) In international trade agreements, an allowance of credit covering the situation where the trade in one direction is less than in the other, e.g. more imports than exports.


present value

(finance, economics) The value of future cash flows determined as of the date of valuation.


closet index

(finance) A mutual fund that closely resembles an index fund, while charging higher fees for active management.


RSP

(finance) Initialism of registered savings plan.

(finance) Initialism of retirement savings plan.


IRG

interest rate guarantee
interest rate guarantee#English

(finance) Initialism of interest rate guarantee.


interest rate guarantee

en-noun

interest rate guarantee (plural interest rate guarantees)

forward rate agreement
forward rate agreement

(finance) an option on a forward rate agreement.


at the money

(finance, securities) Of an option, having an underlying value approximately equal to its strike price: roughly, such that exercising it yields neither a profit nor a loss.


soft fork

Coordinate term: hard fork

As it pertains to blockchain technology, a soft fork is an upgrade to mining software that makes a change to the network but does not require that all miners participate.

2020, Lorne Lantz, Daniel Cawrey, Mastering Blockchain, O'Reilly, →ISBN, page 61:

(cryptocurrencies) A rule change of a blockchain that does not require an upgrade of the whole network.


hard fork

Coordinate term: soft fork

Bitcoin Cash is a hard fork of Bitcoin.

Some are pushing for a “hard fork” of Ethereum, which would undo the damage by effectively asking 51% of the currency’s users to agree to pretend that it had never happened in the first place.

2017 November 8, Alex Hern, “'$300m in cryptocurrency' accidentally lost forever due to bug”, in The Guardian:

As it pertains to blockchain technology, a hard fork is an upgrade to mining software that makes a change to the network that requires the participation of all miners.

(cryptocurrencies) A rule change of a blockchain such that the software validating according to the old rules will see the blocks produced according to the new rules as invalid; the new blockchain resulting from such a split.


autocallable

(finance, of a financial instrument) Expiring and paying a large coupon to the buyer if the underlying goes above a predetermined level.


cold wallet

(cryptocurrencies) Synonym of cold storage


WMP

(finance) Initialism of wealth management product.


magic of diversification

One reason why banks engage in securitization is to spread around risk like jelly on toast. Instead of lumping the jelly on one small piece of the toast, leaving all the reward (or risk that it falls off the toast) for one bite, it's evenly distributed, making for lots more tasty bites—and, through the quant magic of diversification (spreading the jelly), less risk.

2010, Scott Patterson, The Quants: How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It, Crown Business, →ISBN:

(finance) The effective reduction of risk of a portfolio, achieved without reduction to expected returns through the combination of assets with low or negative correlations.


crab market

From the movement of a crab, which appears to move sideways and seems to be going neither forward (a bull market, in this metaphor) or backward (a bear market).

Writing covered options is a technique to use when we're not in a bull market or a bear market, but a crab market. (I call any market that moves sideways for any length of time a crab market. This is not simply because crabs move sideways, but because people, deprived of their daily dose of market action, tend to get pretty crabby during these periods.)

1989, Joseph L. Shaefer, Bringing Home the Gold, Dow Jones-Irwin, →ISBN, page 161:

There could be an extended "crab" market: the index stays pretty much flat for long enough that the fundamentals eventually catch up. It has happened before.

1993 February 25, Brent Buckner, “da Bears vs. da Bulls”, in misc.invest (Usenet):

A crab market moves sideways. (This could go on forever. Anyone for tuna?)

1994, Bruce McDougall, Michael Reardon, The Complete Idiot's Guide to Personal Finance for Canadians, Pearson Education Canada, →ISBN, page 72:

A 'crab' market is when the market just traverses sideways, oscillating in a channel, between an imaginary 'floor' level and an imaginary 'ceiling' level.

2006, Marquez Comelab, The Part-Time Currency Trader, Lulu.com, →ISBN, page 95:

A crab market is defined here as a market where the difference between the close and open prices is not greater than ±5 % of the open price.

2021 October 29, Carlo Requião da Cunha, Introduction to Econophysics, CRC Press, →ISBN:

(finance) A market trend where a stock keeps fluctuating around the same price over a longer period of time, neither entering a bull market nor a bear market


hectocorn

From hecto- (“hundred”) + -corn, by analogy with unicorn.

Coordinate term: unicorn

If Ant Financial is able to raise it’s $9B funding round at an expected $150B valuation it will become the first Hectocorn (or venture backed private company valued at over $100B) – a massive business by any standards, public or private.

2018 May 8, David Kellenberger, “Entering the Age of the Hectocorn”, in LinkedIn:

(finance) A private startup with a valuation of US$100 billion or greater.


Puertopia

[…] to "crypto-currency" traders building their own version of a libertarian, tax-free "Puertopia" built on Bitcoin.

2018, Mimi Sheller, Mobility Justice: The Politics of Movement in an Age of Extremes, unnumbered page:

Their arrival came as residents of the island struggled from the devastation wreaked by Hurricane Maria, but the young millionaires—some of them were billionaires—had another priority: creating "Puertopia."

2020, Jeff John Roberts, Kings of Crypto: One Startup's Quest to Take Cryptocurrency Out of Silicon Valley and Onto Wall Street, unnumbered page:

Puerto Rico has become a hotbed for this virtual currency as ultra rich advocates, such as Brock Pierce, flocked to their Caribbean “Puertopia” to evade taxes and to maximize their blockchain profits.

2021, Catalina M. de Onís, Energy Islands: Metaphors of Power, Extractivism, and Justice in Puerto Rico, page 210:

(cryptocurrencies slang) Puerto Rico as a cryptocurrency tax haven.


neobanking

(finance) A modern type of direct banking that operates exclusively online without a traditional physical branch network.


risk premium

(finance, investing) The return in excess of the risk-free rate of return that an investment is expected to yield. Increase in the interest rate of a security based on financial risk.


flower bond

In several cases, the Internal Revenue Service argued that the decedent on whose behalf an agent bought a flower bond was past the point of capacity at the time of the purchase, although no adjudication so established.

2003, Sarah Worthington, Commercial Law and Commercial Practice, page 77:

(US, finance, historical) A Treasury bond that could be purchased at less than face value, but upon the holder's death could be redeemed for full face value for the purpose of paying federal estate taxes.


shadow stock

shadow stock (countable and uncountable, plural shadow stocks)

The IRS characterized the plan as a classic phantom stock or shadow stock plan. Under the plan, the corporation would grant “units” to certain employees, officers, and directors.

2008, Sydney S. Traum, The S Corporation Answer Book:

Virtual stock having a calculated value, without real-world fluctuations, used to motivate and compensate employees.

In addition, the American Association of Individual Investors (AAII) scanned its list of "shadow stocks"—smallish companies with relatively low coverage by financial analysts—for those with price-earnings ratios of less than 20 and an annual growth rate in earnings per share during the past five years of more than 20%. From the shadow stocks meeting these criteria, we chose several other companies to profile.

1991 June, Kiplinger's Personal Finance, volume 45, number 6, page 51:

Table 1.8 shows a data set containing information for 25 of the shadow stocks tracked by the American Association of Individual Investors. Shadow stocks are common stocks of smaller companies that are not closely followed by Wall Street analysts.

2017, David R. Anderson, Modern Business Statistics with Microsoft Office Excel, page 33:

Stock from smaller companies that is not highly tracked by financial analysts or professional investors.


FND

first notice day
first notice day#English

(finance) Initialism of first notice day.


memecoin

LL-Q1860 (eng)-Flame, not lame-memecoin.wav

But memecoins are simply online jokes converted into digital money, worth only what people are willing to pay for them. The most famous memecoin is Dogecoin, a cryptocurrency linked to a meme of a talking Shiba Inu puppy.

2024 July 27, David Yaffe-Bellany, “A Digital Coin Based on Baby Trump? Yup.”, in The New York Times:

Memecoins are seen as a gauge of retail interest and risk appetite in crypto. When memecoin activity ramps up, it usually indicates that retail investors are participating and have an appetite to speculate further out on the risk curve.

2024 November 12, Tanaya Macheel, “Dogecoin spikes after Trump announces a Department of Government Efficiency — DOGE”, in CNBC:

(cryptocurrencies) A cryptocurrency or token that is based on a meme or has a comedic trait.


index-linked

My pension is index-linked, so I'm protected against rising prices.

consumer price index
consumer price index

(finance) Of financial products such as bonds, savings accounts, pension schemes, etc., yielding returns that are calculated based on the level of a referenced financial index, such as a consumer price index, typically to keep pace with inflation.


death play

(stock market) The buying of company stock based on the belief that an executive in the company will soon die, with the expectation that the stock will rise in price because of it.


on-chain

The on-chain methodology suggests that all customer data is taken care of inside each block on the blockchain.

2021, D. Sumathi et al., editors, Convergence of Blockchain Technology and E-Business, CRC Press, →ISBN, page 241:

(cryptocurrencies) Occurring, validated, and recorded on a blockchain.


off-chain

The off-chain arrangements use miners who give their hard disk to store other clients' records for a prize, and the blockchain is utilized to encourage the capacity market among miners and clients.

(cryptocurrencies) Occurring outside of a blockchain.


WCS

WCS (countable and uncountable, plural WCSs or WCSes)

Coordinate term: WTI

Western Canadian Select
Western Canadian Select#English

(finance, petroleum) Abbreviation of Western Canadian Select.; A grade of crude oil originating in Canada, used as a pricing benchmark.


tokenomics

It is for this reason that the rules of the economy—the “tokenomics”—are so important. Tokenomics is an uncharted discipline, and there are very few best practices. If your kids are going into college, tell them to dual-major in economics and computer science.

2019, John Hargrave, Blockchain for Everyone, Simon and Schuster, →ISBN, page 270:

The biggest investors and industry players are also lobbying in Washington to influence rules that would favor their futuristic view of tokenomics, which can already be seen in some burgeoning communities where web3 is not some abstract concept but a feature of daily life.

2021 December 5, Ephrat Livni, “Welcome to ‘Web3.’ What’s That?”, in New York Times:

(cryptocurrencies) The rules or science of the token economy.


front run

en-verb

front run (third-person singular simple present front runs, present participle front running, simple past front ran, past participle front run)

front runs (present singular third-person)
front running (participle present)
front ran (past)
front run (participle past)

(business, finance, intransitive) To engage or partake in the practice of front running.


forward market

(finance) The informal over-the-counter financial market by which contracts for future delivery are entered into.


data processing machine

en-noun

data processing machine (plural data processing machines)

(computing, accounting, dated) An accounting machine or tabulating machine.


tabulating machine

tabulating machine (plural tabulating machines)

(accounting, computing, statistics, historical) An electromechanical machine used to summarise information and perform accounting calculations.


iron butterfly

iron butterfly (plural iron butterflies)

(finance) A combination of four options, including two calls and two puts, that replicates the payoff of a butterfly.


iron condor

(finance) A combination of four options, including both calls and puts, that yields the same payoff as a condor.


lender of last resort

lender of last resort (plural lenders of last resort)

(finance) The institution in a financial system that acts as the provider of liquidity to a financial institution that finds itself unable to obtain sufficient liquidity in the interbank lending market and has exhausted other possible sources.


digital scarcity

Until 2009 digital scarcity did not exist in any meaningful way. If I had a file on my computer – a picture of a cat, say – I could copy that file for as many people as I wanted at a price too low to calculate.

2018, Simon Dingle, In Math We Trust: Bitcoin, Cryptocurrency and the Journey To Being Your Own Bank, Jonathan Ball Publishers, →ISBN:

With this technological design, Nakamoto was able to invent digital scarcity. Bitcoin is the first example of a digital good that is scarce and cannot be reproduced infinitely.

2018, Saifedean Ammous, The Bitcoin Standard: The Decentralized Alternative to Central Banking, John Wiley & Sons, →ISBN, page 177:

The CryptoKitties team addressed the concept of digital scarcity for singular items by way of their digital collectibles. No two CryptoKitties are alike—each one is unique.

2021, Tiana Laurence, Seoyoung Kim, NFTs For Dummies, John Wiley & Sons, →ISBN, page 22:

(cryptocurrencies) A limitation, imposed through software, of digital information; in particular, the limitation on the total supply of a cryptocurrency or other crypto-based tokens.


pig upon pork

(finance, archaic, informal) The drawing of a bill of exchange on another branch of the drawing company, or a closely related company.


pig upon bacon

(finance, archaic, informal) Synonym of pig upon pork


cryptosphere

The core-team Apes describe the graffiti-covered bathroom of the club itself — which looks like a sticky Tiki bar — in a way that echoes that project’s broader mission: “Think of it as a collaborative art experiment for the cryptosphere.”

2021 November 1, Samantha Hissong, “How Four NFT Novices Created a Billion-Dollar Ecosystem of Cartoon Apes”, in Rolling Stone:

The following became obvious quite quickly – the cryptosphere needed a nonvolatile peg.

2022, Simon Dingle, Steven Boykey Sidley, chapter 7, in Beyond Bitcoin, Icon Books, →ISBN:

(informal, cryptocurrencies, collective) The cryptocurrency community.


short straddle

(finance) An investment position in a futures deal, where the trader places a call order and a put order at the same time on the same item, in hopes of the item remaining at the same price when the order expires, neither falling nor rising, straddling the divide, so as to reap the premiums of the unexercised call and put.


pay cut

I'm not suggesting across-the-board pay cuts (even I'm not that extremist), but I am suggesting that a three-year pay freeze for all staff above the living wage level should be considered.

2022 January 12, Sir Michael Holden, “Reform of the workforce or death by a thousand cuts?”, in RAIL, number 948, page 25:

(business, finance) A reduction in salary or wages.


credit facility

credit facility (plural credit facilities)

(finance, banking) A financial agreement under which a creditor agrees to make an amount of credit available to a borrower, which may be borrowed on demand (a line of credit) or once certain conditions have been met.


financial agreement

financial agreement (plural financial agreements)

contractual agreement
contractual agreement

(finance, law) A contractual agreement relating to finance.


cryptoasset

(finance) An asset in digital cryptographic form, such as cryptocurrency or non-fungible tokens.


alternative investment

alternative investment (plural alternative investments)

(finance) An investment in any asset class other than stocks, bonds, or cash.


TVL

(cryptocurrencies, finance) Initialism of total value locked (“sum of all assets deposited in a protocol”).


proof of burn

Proof of burn is used to destroy (burn) coins. To burn bitcoins means to send those bitcoins to a verifiable yet nonspendable address.

2015, David Lee Kuo Chuen, Handbook of Digital Currency: Bitcoin, Innovation, Financial Instruments, and Big Data, Academic Press, →ISBN, page 47:

The third approach to ensure the integrity of a blockchain is proof of burn, first used by Counterparty. The Counterparty tokens, XCP, were distributed proportionally to everyone who destroyed bitcoins by sending them to an unrecoverable address during the proof-of-burn period in January 2014, see counterparty.io.

2017, David Lee Kuo Chuen, Robert H. Deng, editors, Handbook of Blockchain, Digital Finance, and Inclusion, volume 1, Academic Press, →ISBN, page 151:

(cryptocurrencies) A process for verification on a blockchain that requires the destruction (“burning”) of tokens.


digital gold

With a digital gold account, the gold is held at the bank, and the transfers of gold are completed simply by making entries in the bank's computerized record system, hence the term “digital gold.”

2011, Peter W. Hauer, The Big Picture: The Past, the Present, & Your Children's Future, Author House, →ISBN, page 165:

(finance) A form of digital currency based on mass units of gold.

Moores says part of the currency’s power is in its use as a speculative instrument for trading – a digital gold – but also as a way for companies to make payments more cheaply and perform other functions.

2017 May 15, Simon Usborne, quoting Simon Moore, “Digital gold: why hackers love Bitcoin”, in The Guardian:

If bitcoin was digital gold, Ethereum was digital silver.

2020, Jeff John Roberts, Kings of Crypto, Harvard Business Press, →ISBN:

(finance, cryptocurrencies) A cryptocurrency seen as a safe store of value.


red button

Coordinate term: blue button

Unauthorized clerks or Blue Buttons can make enquiries in the House and ask for prices but may not enter into any contract, while Red Buttons are clerks entitled to work in the Settling or checking Room.

1954, Margaret Shelly Rix, Stock Market Economics, page 17:

The third and junior category, the Settling Room clerks wear a red badge and are known as "red buttons."

1964, David Eugene Spray, The Principal Stock Exchanges of the World, page 189:

(UK, finance, historical) A clerk employed in the settling room of the stock exchange.


Main Market

Coordinate term: AIM

(UK, finance) The principal stock market of the London Stock Exchange.


ROATE

ROATE (countable and uncountable, plural ROATEs)

(finance) Initialism of return on average tangible equity.


buy the dip

en-verb

buy the dip (third-person singular simple present buys the dip, present participle buying the dip, simple past and past participle bought the dip)

buys the dip (present singular third-person)
buying the dip (participle present)
bought the dip (participle past)
bought the dip (past)

Referring to the "dip" (fall) in a stock's market value, which allows an investor to purchase its shares at a cheaper price and possibly earn better gains if the stock rebounds to its previous high.

Many traders are told to “buy the dip and sell the pullback” but not exactly when to execute this. It has been left up to the trader to enter when he or she feels the time is right.

2009, Ken Wood, Trade the Patterns: The Revolutionary Way of Trading the CCI, Traders Press, →ISBN, page 31:

During upward-sloping cycles in the Investment Rate, a long bias with proper diversification should result in positive portfolio returns, without drawn-out setbacks, if investors are willing to buy the dips, especially the big ones, at all times.

2009, Thomas H. Kee, Buy and Hold Is Dead: How to Make Money and Control Risk in Any Market, John Wiley & Sons, →ISBN, page 35:

(slang, finance) To purchase a financial asset after its market value drops.


rehedge

rehedge (third-person singular simple present rehedges, present participle rehedging, simple past and past participle rehedged)

rehedges (present singular third-person)
rehedging (participle present)
rehedged (participle past)
rehedged (past)


RAL

refund anticipation loan
refund anticipation loan#English

(US, finance) Abbreviation of refund anticipation loan.


coinbase

The transaction that created new Bitcoins would be referred to as the coinbase of each block.

2015, Nathaniel Popper, “Technical Appendix”, in Digital Gold, 1st edition, New York: Harper, →ISBN, →OCLC:

The authors randomly sampled 100 coinbases from the last 20,000 blocks of the blockchain that by the time of the experiment had the highest block-height at 247,054.

2016, Ghassan O. Karame, Elli Androulaki, Bitcoin and Blockchain Security, Artech House, →ISBN, page 92:

Coinbase transactions have nothing to do with the US company of the same name. Coinbase is the required first transaction of every block and is the only transaction allowed to bring bitcoins into existence.

2019, Jimmy Song, Programming Bitcoin: Learn How to Program Bitcoin from Scratch, O'Reilly Media, →ISBN, page 164:

(cryptocurrencies, Bitcoin) The transaction that is automatically created in every Bitcoin block to reward the miner.


UTXO

Since our application maintains a single private key per wallet, all the UTXOs of the user will be referenced to a single public address, […]

2019, Koshik Raj, Foundations of Blockchain: The pathway to cryptocurrencies and decentralized blockchain applications, Packt Publishing Ltd, →ISBN, page 138:

unspent transaction output
w:unspent transaction output

(cryptocurrencies, Bitcoin) Abbreviation of unspent transaction output.


paper hands

(finance slang) The fragility or insecurity of an investor to sell a financial asset upon an early or dubious indication of downturn.


diamond hands

(finance slang) The resolve or stubbornness of an investor to hold on to a financial asset despite its volatility.


Kiwi dollar

(slang, finance) the New Zealand dollar.


back up the truck

back up the truck (third-person singular simple present backs up the truck, present participle backing up the truck, simple past and past participle backed up the truck)

backs up the truck (present singular third-person)
backing up the truck (participle present)
backed up the truck (participle past)
backed up the truck (past)

From the idea of bringing a truck to a location to be loaded with goods.

When spreads are very low and contracting, back up the truck and buy equities. When they are high and rising, it's time to hide.

2011, David M. Smith, Hany A. Shawky, Institutional Money Management, page 82:

(informal, idiomatic, chiefly finance, chiefly US) To take advantage of favourable pricing by purchasing a large amount.


scripless

a scripless bond

scripless trading


WTI

Coordinate term: WCS

West Texas Intermediate
West Texas Intermediate#English

(finance, petroleum) Abbreviation of West Texas Intermediate.; A grade of crude oil originating in Texas, used as a pricing benchmark.


investment consultant

en-noun

investment consultant (plural investment consultants)

(business, finance) A professional who provides information to investors about products, plans or other advice.


P/BV

(economics, finance) Abbreviation of price to book value ratio.


unallotment

unallotment (countable and uncountable, plural unallotments)

(US, finance) A unilateral spending cut made by a state governor in order to bridge a budget deficit gap.


unallot

en-verb

unallot (third-person singular simple present unallots, present participle unallotting, simple past and past participle unallotted)

unallots (present singular third-person)
unallotting (participle present)
unallotted (participle past)
unallotted (past)

The Director of Finance is authorized to unallot and revert savings attributable to this section to the appropriate fund sources.

2002, Statutes of California and Digests of Measures, volume 2, page 2174:

(transitive, US, finance) To carry out the unallotment of.


gas fee

(cryptocurrencies) A fee levied on users of the Ethereum network to compensate for the computing energy required to process and validate transactions.


liquidity pool

(finance) A collection of financial assets consisting of cash and other assets that can be readily converted to cash at close to face value.

(cryptocurrencies) cryptocurrency assets that are kept to facilitate the trading of trading pairs on decentralized exchanges


Google tax

(economics, finance) An anti-avoidance tax provision introduced in a certain jurisdiction dealing with the practice of profits or royalties being diverted to other jurisdictions that have reduced or zero tax rates.


black budget

(finance, government) A government budget that is allocated for classified or other secret operations of a nation.


sell order

(finance, trading) A request that a broker sell a quantity of a particular type of stock, bond, or other financial security.


shadow banker

In addition, attention has been given to shadow-banking in the post crisis debate. The shadow-bankers are the investors who trades asset-backed securities, and finances them through short term funding.

2020, Jon Nævdal Johansson, Macroprudential Policy Reviewed: An Economic Assessment of Implemented Macroprudential Policy Regimes Post the Great Recession, Department of Economics, University of Oslo, November 2020

(banking, economics, finance) An agent connected to a shadow banking.


marginable

(finance, of securities) Capable of being traded on margin.


depeg

depeg (third-person singular simple present depegs, present participle depegging, simple past and past participle depegged)

depegs (present singular third-person)
depegging (participle present)
depegged (participle past)
depegged (past)

It also led international bankers and hedge fund managers to expect that the region's currencies would soon or later depeg from the dollar and depreciate (or be allowed to float).

2002, Pietro P. Masina, Rethinking Development in East Asia: From Illusory Miracle to Economic Crisis:

(finance, transitive, intransitive) To become detached from or to abandon a fixed exchange rate between two currencies.


open banking

It’s the start of a new series of rules concerning “open banking”, where customers will be able to share their personal financial information with companies other than their bank, opening up opportunities to get better deals on mortgages, overdrafts and comparing insurance and broadband deals.

2018 January 8, Shane Hickey, “‘Open banking’: radical shake-up, or a threat to your private data?”, in The Guardian:

“Everyone’s getting very excited about fintech and open banking and all this new technology but the fact is … this actually risks more people being excluded from the financial system,” McAteer said.

2019 November 11, Kalyeena Makortoff, quoting Mick McAteer, “Banking tech could lead to discrimination, says ex-regulator”, in The Guardian:

(banking, finance) Third party API access to a consumer's banking data in order to create new services and products.


hodler

Although they were meant to reach the Moon no matter what, cryptocurrencies are also coming a cropper. Even some hardened “hodlers” have been getting cold feet.

2022 May 14, “Tech bubbles are bursting all over the place”, in The Economist, →ISSN:

(cryptocurrencies) A hoarder of cryptocurrency.


three lines of defence
three lines of defence#English

(finance) Initialism of three lines of defence, a risk management model


tax abatement

(US, finance) An incentive issued by a government which will reduce or eliminate taxes on real estate in a specific area.


glamor issue

This year's earnings performance has knocked the underpinnings from the price of this former glamor issue.

1961, Financial World, volume 116, page 38:

Individual investors — for some time — have demonstrated a preference for so-called glamor issues . . . stocks such as Xerox, Polaroid, Syntex, Texas Instruments, Fairchild Camera, Zenith, Motorola, etc.

(finance) Shares in exciting, fashionable companies.


first notice day

en-noun

first notice day (plural first notice days)

First notice days tend to occur near the first business day of the calendar month of the expiring futures delivery contract and continue for the proscribed period of time.

1990, Joseph D. Koziol, Hedging, page 277:

First notice days differ depending on the commodity.

2003, Kennedy Mitchell, Single Stock Futures: An Investor's Guide, page 171:

(finance) The first day on which an investor who holds a futures contract is notified that the commodity specified in the contract is about to be delivered.


matched order

(finance) A form of fraud consisting of an order to buy or sell a stock, immediately followed by its resale to or repurchase from another broker, to give a deceptive appearance of active trading.


gold fixing

gold fixing (countable and uncountable, plural gold fixings)

The gold fixings take place at the offices of N. M. Rothschild, whose representative acts as chairman.

1975, Lawrence R. Rosen, When and How to Profit from Buying and Selling Gold, page 207:

(finance) The twice-daily setting of the price of gold in the London bullion market.


closing costs

(finance, real estate) Fees which are paid at the conclusion or closing of a real estate transaction.


wolf packing

Such analysis introduces significant legal uncertainty and may lead to excessive deterrence against wolf packing. In an increasingly crowded activist market, there is a real risk of overpunishing wolf-pack activism: stock prices may suffer due to increased market uncertainty over the legality and potential success of activist campaigns, including those that may yield value for shareholders.

2016, Robert Cyran, Richard Beales, NY TIMES, “Unpacking Wolf Packs”, in the yale law journal, volume 125, number 773:

With the proliferation of the new practice of wolf packing, the incidence of Toehold ("TH" collaborations as part of a takeover campaign is likely to increase as well.

2017, Mira Ganor, “Toehold Collaborations Beyond Insider Trading”, in NYUJL & Bus., volume 14, HeinOnline, →DOI:

(finance) The practice of collaboratively taking over significant portions of a stock, either to influence company board decisions or to clandestinely operate as a single entity on the stock market without the knowledge of other shareholders.


ETP

exchange-traded product
w:exchange-traded product

(finance) Initialism of exchange-traded product.


panic selling

panic selling (countable and uncountable, plural panic sellings)

(finance) wide-scale selling of an investment out of emotion and fear, rather than evaluating the fundamentals, which causes a sharp decline in prices


panic seller

(finance) A person who sells an investment out of emotion and fear, rather than evaluating the fundamentals, which causes a sharp decline in prices.


dollar cost averaging

(finance) An investment strategy in which the same amount of money is invested each period.


friendshoring

(business, economics, finance, politics, diplomacy) The process of moving production to diplomatically friendly or allied foreign locations which have lower production costs.


universal bank

(banking, finance) A bank that is both a commercial bank and investment bank, which may also be a retail bank, insurance broker and/or provider of other financial services.


universal banking

(banking, finance) The activities of a universal bank.


investment banking

(banking, finance) The activities of an investment bank.


panic sell

en-verb

panic sell (third-person singular simple present panic sells, present participle panic selling, simple past and past participle panic sold)

panic sells (present singular third-person)
panic selling (participle present)
panic sold (participle past)
panic sold (past)

Crypto currencies were also being panic sold at alarming rates as well.

2021 December 25, Malik McCotter-Jordan, PRACTICAL MONEY ADVICE FOR YOUNG MEN 2.0: Learn How To Increase Your Income and Manage Your Money Better, Cotter Media LLC, page 73:

(transitive, finance) To sell an investment out of fear or anxiety with little regard to the price.


zombie banker

(finance, banking, derogatory) A person or banker involved in a zombie bank.


splividend

For example, if the share price was $140 before the “splividend” (split distributed via dividend), the new price per share would be $35 and the total number of outstanding shares would be four times larger.

2022 August 2, Cuitlahuac Pineda Youniss, “Has The DTC Failed To Deliver GameStop’s Dividends?”, in Medium:

(finance, US, informal) A stock split in the form of a dividend that consists of additional stock shares instead of cash.


undercapitaled

en-adj

undercapitaled (comparative more undercapitaled, superlative most undercapitaled)

more undercapitaled (comparative)
most undercapitaled (superlative)

LL-Q1860 (eng)-Flame, not lame-undercapitaled.wav


climate finance

(finance) Financing and other banking services intended to support the mitigation or reversal of the impacts of climate change.


ARO

(finance) Abbreviation of average rate option.


counterentry

(accounting) Synonym of contra (“entry or account that cancels another entry or account”)


chart of accounts

en-noun

chart of accounts (plural charts of accounts)

(accounting) A list of financial accounts set up, usually by an accountant, for an organization, and available for use by the bookkeeper for recording transactions in the organization's general ledger.


Faketoshi

(cryptocurrencies slang) Someone who falsely claims to be Satoshi Nakamoto, the pseudonymous creator of Bitcoin.


nowhere income

The bill seems to me, and I have not had a very careful reading of it, but it looks like a tax exemption for big business and it looks to me like it will assuredly create additional nowhere income for income tax purposes for corporations that are doing business in most of the States.

1979, Byron Dorgan, quotee, “Panel of State Tax Commissioners: Byron Dorgan, State Tax Commissioner, State of North Dakota, and Roboert Corcoran, Deputy Director, Department of Revenue, State of Montana”, in Interstate Taxation, S. 2173: Hearings before the Committee on the Judiciary United States Senate, Ninety-Fifth Congress, First and Second Sessions on Interstate Taxation, U.S. Government Printing Office, page 408:

In fact, the Congressional Research Service found, in its report on the issue of a physical presence nexus standard, that in many instances corporations could in fact produce large quantities of nowhere income, meaning that it is not taxed anywhere.

2006, Dan Bucks, quotee, “Statement of Michael Mundaca, Partner, Ernst & Young, LLP, National Tax Department, International Tax Services, Washington, DC”, in How Much Should Borders Matter? Tax Jurisdiction in the New Economy: Hearing before the Subcommittee on International Trade of the Committee on Finance, United Sates Senate, One Hundred Ninth Congress, Second Session, U.S. Government Printing Office, page 28:

A number of states use throwback rules to eliminate the nowhere income that arises because of P.L. 86-272.

2007, Donald Bruce, John Deskins, William F. Fox, “On the Extent, Growth, and Efficiency Consequences of State”, in Alan J. Auerbach, James R. Hines Jr., Joel Slemrod, editors, Taxing Corporate Income in the 21st Century, Cambridge University Press, →ISBN, page 235:

(US, accounting) Income that is generated in the United States by a corporation but that is not taxed by the destination US state (the state in which a buyer, for example, is based), due to the state not having the jurisdiction to tax the corporation.


EaaS

EaaS (countable and uncountable, plural EaaS's or EaaSes)

(human resources, accounting) Initialism of efficiency-as-a-service.


TOB

(finance) Abbreviation of top of book, the most competitively priced level on each side of an order book.


hot wallet

cryptocurrency wallet
cryptocurrency wallet

(cryptocurrencies) A cryptocurrency wallet which has its private key stored on the network so that it can be used for frequent transactions.


BEPS

(finance) Acronym of base erosion and profit shifting: a corporate tax planning strategy used by multinationals to "shift" profits from higher-tax jurisdictions to lower-tax jurisdictions or no-tax locations where there is little or no economic activity, thus "eroding" the tax base of the higher-tax jurisdictions using deductible payments such as interest or royalties.


preborrowing

Next, this change was subtracted from the total per capita expenditure to obtain the preborrowing measure of total per capita expenditure. Finally, preborrowing poverty was calculated by comparing preborrowing per capita expenditure with the moderate or extreme poverty line.

2016, Shahidur R. Khandker, M.A. Baqui Khalily, Hussain A. Samad, Beyond Ending Poverty:


swaplet

[…] each piece of cash flows of a CMS swap (a so-called swaplet) […]

2009, Lixin Wu, “Volatility and Correlation Adjustments”, in Interest Rate Modeling: Theory and Practice, CRC Press, →ISBN, page 284:

[…] the payout […] is equal to the cash flow in an individual period resulting from paying fixed in a swap (known as a swaplet).

2012, Howard Corb, “Caps and Floors”, in Interest Rate Swaps and Other Derivatives, Columbia University Press, →ISBN, page 137:

The "swaplets" are the components of the swap and are discussed below.

2016, Jan W. Dash, “Interest-Rate Swaps”, in Quantitative Finance and Risk Management: A Physicist's Approach, 2nd edition, World Scientific, →ISBN, page 96:

(finance) an individual component in a swap


your network is your net worth

(finance) Possessing the right or certain professional connections will ensure financial success in one's career.


credit history

credit history (plural credit histories)

(finance) A record of a borrower's responsible repayment of debts.


give credit

en-verb

give credit (third-person singular simple present gives credit, present participle giving credit, simple past gave credit, past participle given credit)

gives credit (present singular third-person)
giving credit (participle present)
gave credit (past)
given credit (participle past)

financial institution
financial institution

(finance) To extend or offer credit within a financial institution.


item journal

(accounting, business) A journal to adjust inventory in connection with purchases, sales, and positive and negative adjustments.


purchase journal

en-noun

purchase journal (plural purchase journals)

(accounting, business) A specialized accounting journal and also a prime entry book used in an accounting system to keep track of the orders of items placed using accounts payable.


sale journal

(accounting, business) A specialized accounting journal and also a prime entry book used in an accounting system to record the sales of items by customers.


transaction journal

transaction journal (plural transaction journals)

(accounting) A type of accounting record used to enter business activity not involving money changing hands.


budget cut

(business, finance) In a company or organization, the act of reducing expenditures in a budget.