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Trade date plus five days - a financial markets regime, common throughout the world, specifying ...
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Abbrev. Treasury Adjustable-Rate Bonds.
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A broker placing an order on his or her own account on the tails of a customer's order, hoping ...
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Trade badly. Usually used to describe a substantial loss that results from speculation.
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The acquisition of a controlling interest in a company by another company through the purchase ...
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Forming an opinion on market trends, such as the direction of interest rates or inflation, ...
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Securities constantly available ('on tap'), usually at a known price. Before the introduction ...
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Securities issued by a company, usually a conglomerate, with the return linked directly to ...
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A schedule of charges levied on imports, either to raise revenue or to protect local industry ...
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The use of lawful means to minimise a tax bill. In contrast to tax evasion, avoidance legally ...
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Illegal attempts to avoid paying tax, for example by not accurately reporting all income, ...
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A jurisdiction which attracts business through low tax rates. Well known examples are Monaco, ...
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Where total expenses are more than total income for taxation purposes. People often try to ...
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A polite term for the objective involved in tax avoidance. The goal remains to pay the government ...
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Someone who markets schemes for tax avoidance or tax evasion. See also: bottom-of-the-harbour.
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See also: tax haven.
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A method of bringing income tax expenses into account during the period in which the expenses ...
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Trading securities from a portfolio at rates which deliberately create a loss which is useful ...
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The compulsory transfer, usually of money, from the private sector to the government, for ...
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See also: charting.
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The reversal of a market trend in which the prices (of shares or bonds) have moved too far ...
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A sudden improvement in prices after a lull or fall; a downward movement in interest rates ...
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See also: technical correction.
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The commonest form of savings instrument offered by Japan's postal banking service. It offers ...
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Used to transfer funds between financial institutions, for example, for the rapid settlement ...
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A gold bar weighing 3.75 ounces, widely used in the Asian markets.
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A type of auction, with written bids sought for the purchase of a commodity, often bonds or ...
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An annuity with payment terms and conditions set down at the outset and not open to change.
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Money placed for a fixed period at a stated rate of interest which will apply for the duration ...
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A life policy under which the benefit is payable only if the life insured ends before the ...
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The number of days, months or years until a loan, bill of exchange, bond, insurance policy ...
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A male person who has made a will.
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A female person who has made a will.
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A faulty strategy that increases the risk; what looked like a hedge (protection) turns out ...
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The rate at which the price of an option changes as time passes (time decay). Represented ...
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A market characterised by low activity, lacking in depth or volume, so that large transactions ...
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Currencies in transactions which do not include the local currency; for example, in Australia ...
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Underdeveloped countries. The term was first used in 1947 by the French geographer Ren Dumont, ...
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A former requirement that life insurance companies and superannuation funds hold no less than ...
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A US savings institution which attracts individuals' savings and lends them for housing. The ...
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Abbrev. Tokyo Inter Bank Offered Rate. See also: HIBOR, LIBOR.
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The minimum price movement in a futures contract, as defined by each contract's regulations. ...
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See also: capital adequacy.
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Abbrev. Tokyo International Financial Futures Exchange.
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Cash in short supply. Interest rates will rise, making money more expensive. See also: ...
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Abbrev. treasury investment growth receipt.
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A futures play in which a trader takes a huge position in the market and buys a ticket to ...
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The loss of an option's value as it approaches its expiry date.
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See also: interdelivery spread, option spread.
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In the context of options trading, the difference between an option premium and the intrinsic ...
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Two or more companies or individuals sharing the use of, say, a mainframe computer or a holiday ...
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The right to ownership of property, or the documents constituting evidence of that ownership. ...
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Abbrev. treasury note.
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Abbrev. Tokyo Commodity Exchange.
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Formed in 1984 by the amalgamation of the Tokyo Gold Exchange, Tokyo Rubber Exchange and Tokyo ...
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Tokyo's financial futures exchange which began trading in June 1989, offering futures contracts ...
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Japan's largest and oldest stock exchange, which began operating in 1949. The second-largest ...
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Unit of weight for gold, usually available in the form of ten tola bars. One tola equals 0.375 ...
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Foreign-exchange dealers' shorthand for 'tomorrow'.
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Foreign-exchange market shorthand for tomorrow/next day. It refers to a form of short-date ...
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A widely used colloquialism describing an advertisement in a financial newspaper or magazine ...
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Tokyo Stock Price Index, replacing the earlier Nikkei index, it consists of the 1000 shares ...
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Making up the difference between what you have and what you need, using bridging finance, ...
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Traders' jargon to describe a market that has reached a level that equals either a previous ...
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The modern simplified system of showing title to land through one document recorded at a central ...
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Abbrev. Trade Practices Commission.
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The traditional form of the bill of exchange, based on a specific transaction. Accommodation ...
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A shortfall in the trading account of the balance of payments. See also: balance of payments.
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Credit provided to overseas buyers, also known as export finance. Such finance is available ...
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Regulations designed to protect consumers and business; practices such as collusion, monopolies, ...
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The body responsible for administering the Trade Practices Act through three main functions: ...
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An index of the average value of the $A compared with currencies of Australia's major trading ...
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A foreign-exchange term indicating that the market sees a currency trading at a higher level ...
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A 'slice' or portion (from the French), particularly of a loan facility or share issue.
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Government expenditure, such as grants or social security, which is not payment in return ...
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A strategy which can be employed by multinational companies to manipulate their financial ...
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A technique that evolves from a revolving underwriting facility (RUF) and is an alternative ...
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Shorthand for US government securities. Treasury bonds are long-term securities issued for ...
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The division of a company with responsibility for fundraising, foreign-currency management, ...
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Floating-rate notes, issued by the commonwealth of Australia since late 1994 as a flexible ...
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Short-term commonwealth government securities issued by the federal government to the Reserve ...
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Medium to long-term securities issued through periodic tenders at yields determined by bidders ...
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A breed of zero-coupon US Treasury bond. Abbrev. TIGR. See also: zero-coupon bond.
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Commonwealth government short-term securities, issued through the Reserve Bank as agent for ...
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The federal government department responsible for the government's revenue and expenditure. ...
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See also: European Economic Community.
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Economists who support the trickle-down theory believe that a healthy and prosperous business ...
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A US loan facility with the option of pricing funds relative to bankers' acceptances, the ...
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US market jargon for the close of trading on the Friday at the end of every quarter when stock ...
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The traditional unit of weight for precious metals and gems. In the troy system of weights, ...
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Abbrev. transferable revolving underwriting facility.
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The process in which cheque details are captured by the payee bank (or its clearing agent) ...
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In the legal and commercial sense, money or property vested with an independent third party ...
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An account to accommodate funds entrusted by clients to lawyers, accountants and other professionals ...
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A document conveying title to trust property to the trustee and setting out the purpose for ...
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Money held on behalf of investors or depositors, to be used in their interests at the discretion ...
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An appointee who monitors a trust's activities on behalf of the beneficiaries. It is the job ...
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A status conferred on qualified investments named under the various State Trustee Acts in ...
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Abbrev. Tokyo Stock Exchange.
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Abbrev. telegraphic transfer.
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See also: collar.
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The difference (profit) between the buying and selling prices of a parcel of securities or ...
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Usually, total sales for a given period (for example, annual turnover of $10 million). The ...
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The series of bonds which appear on trading screens (hence TV). These are the current actively ...
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See also: All-Ordinaries index.
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Abbrev. trade-weighted index.
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The contention that there is a strong link between a current account deficit and a government ...
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A price which includes a bid and an offer (buy and sell) rate. For example, bond prices and ...
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