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Abbrev. international banking facility.
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Abbrev. International Banks and Securities Association of Australia.
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Abbrev. Industry Commission.
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Abbrev. International Commodities Clearing House.
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Abbrev. indexed currency option notes.
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Abbrev. Irish Futures and Options Exchange.
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Abbrev. International Monetary Fund.
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Abbrev. International Monetary Market.
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A market where individual buyers and sellers are able to influence prices. This might occur ...
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An estimate of an average price level relative to the price level in a chosen base period. ...
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See also: volatility.
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See also: tariff.
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What is purchased from other countries for use in one's own country. Visible imports are items ...
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See also: dividend imputation.
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A term used to describe an option that can be exercised at a profit; the option contract's ...
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A conventional interest-rate swap structure with one difference - the floating rate is set ...
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Carrot-and-stick psychology; a reward. Employers offer incentives to cultivate loyalty and ...
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Tax levied directly on personal income. See also: taxation.
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The process of forming a company. Incorporation is carried out by lodging the necessary documents ...
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A fancy term for a proportionate increase, usually applied to salary rates; a popular buzzword ...
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An undertaking (in the form of a contract) to make good someone else's loss. Similar to a ...
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A numerical measure of the way a variable has changed over some base period. A popular way ...
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An investment or trading strategy which attempts to maximise returns by shifting between long ...
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Synthetic instruments structured to offer small investors a low-cost entry to a trading portfolio ...
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Put and call options on an index or index futures contract with more than one year to maturity, ...
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Securities whose principal and/or interest payments are linked to the performance of a particular ...
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The adjustment of items such as wages, prices or taxation and other living costs or investments ...
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A bond whose coupon (income stream) or face value is linked to the inflation rate. See ...
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A euronote issue that includes a currency option. First seen in 1985, the notes are serviced ...
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A low-risk investment management strategy in which, theoretically, the investor trades according ...
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Bid or offer price provided by way of information rather than as the level at which a trader ...
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In the context of exchange rates in Australia, the US dollar price of one Australian dollar. ...
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Generally, taxes other than income tax, such as sales tax. The validity of the distinction ...
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Share futures contracts traded on the Sydney Futures Exchange, based on individual stocks ...
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See also: endorse.
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Pay rates and employment conditions for employees in a specific industry, legally enforceable ...
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A federal body which oversees working conditions and wages. The Industrial Relations Reform ...
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See also: Industry Commission
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Established in 1990 as a major independent review and advisory body on industry policy for ...
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A superannuation fund covering several employers, usually within one industry or sector.
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The characteristic of a product for which demand changes less than proportionately in response ...
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A sustained increase in the general level of prices so that a given amount of money buys less ...
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Assessing a company's performance after adjusting for the effects of inflation. Historial ...
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The basis or framework on which something is built. The term is popularly used to describe ...
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Bonds issued to help fund infrastructure projects such as those for land or air transport, ...
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The amount paid by a trader in the futures and options markets to cover against losses that ...
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The flotation of a company on the stock exchange. A prospectus is issued inviting investors ...
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A writ or court order forcing you to do something (mandatory injunction) or restraining you ...
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What goes in at one end of a process to produce, at the other, outputs. In the economic sense, ...
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Securities for which ownership is recorded in a registry. The owner receives a certificate ...
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See also: leads and lags.
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Securities that trade inside the fees are selling at a price that allows the underwriter to ...
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Buying or selling (usually shares) for profit where the person dealing has privileged information ...
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A situation where the value of liabilities exceeds the value of assets and debts cannot be ...
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The reality of the never-never, the regular payments to be made on a borrowing (hire purchase, ...
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A professional organisation, formed in 1928, representing about 26 000 accountants (as at ...
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See also: leveraged buy-out, management buy-out.
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Market term for a document or security such as a bill of exchange or promissory note, bond, ...
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Protection against possible hazard. You can buy insurance against an event which may or may ...
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The federal government body responsible for regulating the insurance and superannuation industries. ...
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See also: life insurance bonds
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Resources of a business which have no easily measurable dollar value but which are nonetheless ...
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In Australia, short-term (often overnight) borrowing and lending between banks, as distinct ...
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The rate of interest charged on loans between banks. See also: federal funds rate, London ...
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Where a trader takes a long position in one commodity and a short position in another, eg ...
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The charge on borrowed money or the return earned on funds out on loan or invested. Interest ...
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Switching between interest-bearing investments to profit from the difference in rates. ...
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Adding interest payments owed by a debtor to the principal of the loan. While this can give ...
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A financial measure achieved by dividing the earnings of a company by the total interest payments ...
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Funds on which the borrower pays interest (like a rent) for the use of the money, usually ...
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A combination of an interest-rate cap and an interest-rate floor. The buyer of a collar buys ...
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See also: cap.
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The difference between the interest rates paid on debt instruments, eg, the interest-rate ...
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Futures contracts based on financial instruments such as bank bills of exchange or government ...
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An option over an instrument such as a bond, giving the buyer, in return for the payment of ...
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Exposure to loss resulting from a change in interest rates. Hedging strategies are designed ...
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A basic fixed-rate for floating-rate swap organised in one currency, with interest-rate flows ...
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Another variation on the interest-rate swap, this enables a borrower to take an option to ...
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The point or area common to two adjacent things, a connecting surface. The word has been eagerly ...
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See also: dividend.
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A strategy involving the purchase and sale of the same commodity on two different exchanges.
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Having a middleman (intermediary) between borrower and lender, rather than borrower and lender ...
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A strategy used in futures and options trading that involves buying one month of a contract ...
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An examination and verification of financial accounts and records carried out by employees ...
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The return from an investment, calculated to show the rate at which the present value of future ...
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The US federal agency responsible for collecting federal income taxes (personal and company) ...
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See also: World Bank.
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A US status similar to an OBU (offshore banking unit) which allows a bank to operate in international ...
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National organisation representing the interests of members engaged in wholesale banking, ...
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London-based provider of clearing services to futures markets. Its main role is to register ...
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Established by the Bretton Woods conference of 1944 to encourage policies, including exchange-rate ...
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A division of the Chicago Mercantile Exchange, established in 1972. The International Monetary ...
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The prevailing arrangements among countries for determining the relative values of currencies. ...
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London-based energy futures and options exchange. Abbrev. IPE.
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Based in Zurich, Switzerland, ISMA was founded in 1969 as the Association of International ...
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Formerly (until 1987) the London Stock Exchange, it is the principal exchange in London, managing ...
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A US-based international trade association which sets standard documentation and helps markets ...
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See also: central bank intervention, monetary policy.
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Dying without leaving a will; property not disposed of by a will.
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A strategy based on buying and selling the same commodity but for different expiry months ...
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Entering into and closing out a futures or options position within the same day. Also known ...
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The amount by which an option is in the money. In the case of a call option, intrinsic value ...
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A list of what you have. In company accounts, inventory usually refers to the value of stocks, ...
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See also: reverse floater.
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See also: yield curve.
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See also: backwardation.
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A tax deduction of 10 per cent from assessable income in the year that eligible new machinery ...
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A financial intermediary which operates at the 'wholesale end' of the financial markets; the ...
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A bond or note rated BBB- or above by Standard & Poor's or at least Baa3 by Moody's Investors ...
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One who lays out money, usually by lending or purchasing, in the expectation of profiting ...
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As in 'invisible exports and imports', transactions such as insurance, banking and foreign ...
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Contraction of 'I owe you'; written evidence of a debt, usually signed by the debtor and held ...
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Abbrev. International Petroleum Exchange.
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Abbrev. initial public offering.
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Abbrev. Industrial Relations Commission.
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Opened in 1989, this computerised exchange trades contracts based on Irish government bonds, ...
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Abbrev. internal rate of return.
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Abbrev. Internal Revenue Service.
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Abbrev. Insurance and Superannuation Commission.
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Abbrev. International Swaps and Derivatives Association.
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Abbrev. Individual Share Futures.
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Abbrev. International Securities Markets Association.
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The proportion of authorised capital which has been issued to shareholders in the form of ...
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A merchant bank specialising in arranging and underwriting share and securities issues. It ...
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