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Abbrev. North American Free Trade Association.
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Established in 1886 to trade stocks and bonds. The exchange is ranked third in volume among ...
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An option whose writer has not hedged - eg, a writer of call options over shares who has sold ...
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See also: naked option.
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A debt warrant issued alone without a host (underlying) bond or security. See also: host ...
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Closing the gap between the bid and ask (buy and sell) prices of a commodity or share. For ...
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Abbrev. National Association of Securities Dealers.
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Abbrev. National Association of Securities Dealers Automated Quotations.
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An international service, launched in 1992, providing a screen-based quotation system to boost ...
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Periodic summaries of income and expenditure for the economy as a whole and for various sectors ...
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A US organisation of investment houses and brokerage firms that deal in securities. The association ...
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A computerised system providing brokers with the prices of shares and securities traded on ...
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The forerunner to the Australian Securities Commission. See also: Australian Securities ...
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A body formed in 1995 by the Australian government to examine and make recommendations about ...
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A country's government debt to both foreigners and residents. See also: external debt.
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A historic meeting called in April 1983 to promote a climate of consensus between the Australian ...
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A measure of the health of the economy; the money value of the total flow of goods and services ...
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The takeover by the state or government of privately owned and controlled industries and services. ...
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Those owned and operated by the state - usually monopolistic and related to infrastructure, ...
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A position which establishes assets or borrowings in a currency that provides an offset to ...
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Abbrev. non-bank financial institution.
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Abbrev. National Companies and Securities Commission.
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Assets that can quickly be turned into cash, such as call deposits or very short-dated securities. ...
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Where the cost of funds borrowed to finance an investment outweighs the yield on the assets. ...
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An investment strategy in which related costs such as interest payments on funds borrowed ...
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A paper loss. Bonds bought at a yield of 9 per cent when the market is 11 per cent are showing ...
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An agreement with a lender that the borrower will not create security in favour of a subsequent ...
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See also: negative carry.
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See also: straddle.
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See also: inverse yield curve.
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A piece of paper representing ownership of debts and obligations. The ownership is passed ...
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A system of economic theory built on some of the foundations provided by the classical economists. ...
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Clear of charges and deductions. A wage-earner's net income is the 'take-home pay' left after ...
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See also: book value.
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Total investment less the cost of replacing existing assets that have worn out. A company ...
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Gross profit less all expenses such as cost of goods sold, selling expenses, tax and interest ...
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The market value of an inventory of goods or other assets less the costs of sale.
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Net worth. See also: asset backing.
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The after-tax return on an investment.
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Offsetting payables against receivables so that settlement is effected by a cheque for the ...
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An umbrella contract under which all transactions executed between parties to the agreement ...
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Replacing all agreements between two parties with a single agreement and single net payment ...
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See also: hire purchase.
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The policies developed by US president Franklin D. Roosevelt in 1933 to cope with the Great ...
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An issue of securities to raise money. New share issues are offered to existing shareholders ...
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The amount by which a replacement issue of securities exceeds the original issue (more money ...
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The 'youngest' of the US commodity exchanges, first trading in 1980. The exchange, a subsidiary ...
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The world's largest energy futures market. In 1994 the exchange took control of the Commodity ...
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The oldest and largest stock exchange in the US. The New York Stock Exchange was established ...
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Established in January 1985 with its head office in Auckland. From the outset the New Zealand ...
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Those at a point in economic development where they are no longer poor but, by western standards, ...
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In banking and merchant banking, a specialist position in which the institution serves an ...
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The monthly statement of commonwealth financial transactions showing movements in government ...
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Abbrev. note issuance facility.
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Japan's equivalent of the Australian All-Ordinaries index, the US Dow Jones index and the ...
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Abbrev. no liability.
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A category of company in which the shareholders with partly paid shares are not bound to pay ...
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Awards made each year for outstanding achievements in chemistry, physics, medicine, literature, ...
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The stated (face) value of an asset as distinct from its market price. See also: face ...
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A name put forward as a surrogate, an agent acting on behalf of a principal, often used when ...
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A company whose sole function is to hold shares or securities on behalf of someone else.
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Loans on which banks have stopped accruing interest and against which specific provisions ...
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A bill of exchange which does not carry the name of a bank, either as acceptor, drawer or ...
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Any institution which is not a bank as defined by legislation but is involved in finance, ...
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Funds compulsorily lodged by banks with the Reserve Bank of Australia, equivalent to about ...
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A statistical label for consumer or producer goods with a limited life.
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Total industrial output; the part of the gross domestic product that stems from production ...
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A swap where one or both of the securities underlying the swap sells at a discount or premium, ...
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Loans where the borrower has failed to repay on time or in full, but which are not considered ...
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See also: exotic options.
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Central bank action in foreign-exchange markets which is not offset by other open-market operations. ...
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An agreement between the United States, Canada and Mexico in 1993 to form an open market. ...
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An Australian bank with an account in New York will call the record in its own books of its ...
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Applied to cheques which cannot be cashed over the counter but must be deposited into a payee's ...
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Paper money, or a banknote. Also a type of security, issued by borrowers, bought by lenders ...
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A founding member of the RUF family, this now describes all underwritten euronote (ie, offshore) ...
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A division of the Reserve Bank which prints notes for Australia and other countries. The RBA ...
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A series of notes at the end of a company's financial statements, explaining details of certain ...
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The amount in a swap which forms the basis for calculating payment streams. With interest-rate ...
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Generally, assigning or replacing one or a series of contracts with new contracts, often with ...
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Abbrev. Nagoya Stock Exchange.
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See also: central borrowing authority.
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A colloquialism referring to the 'faith in numbers' people (econometricians) who believe that ...
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A bank account identified by a number rather than the account-holder's name. Numbered accounts ...
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A market abbreviation for 'new (stock) ex-interest'. Stock is listed NX from the time it is ...
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Abbrev. New York Futures Exchange.
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Abbrev. New York Mercantile Exchange.
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Abbrev. New York Stock Exchange.
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Abbrev. New Zealand Futures and Options Exchange.
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