The margin or difference between the actual market value of a security and the value assessed by the...

The point in the life of a mortgage-backed security guaranteed or issued by the Government National ...

Heavy selling of stocks by speculators who think that the stock is overvalued and is about to drop....

An investor who has a large stake in a company, but does not wish to play an active role in the mana...

An investor who has a large stake in a corporation and takes an active role in its management....

The main indicator of stock market performance in Hong Kong based on 33 companies. The index is arit...

Usually refers to callable bonds. The period of time when a bond cannot be called, no matter what th...

A capital budget that under no circumstances can be violated....

A currency which is generally accepted throughout the world and which is unlikely to devalue. Exampl...

Actual separate payments made by a customer for services, including research, provided by a brokerag...

Warrant that allows the user to purchase a bond only by surrendering an other bond with similar term...

Commonly known as Harmonized System. It isa a classification system devised by the Customs Cooperati...

Often used in risk arbitrage. Antitrust act administered by U.S. Department of Justice and the FTC t...

An aggressive tone. For example, if the Federal Reserve uses hawkish language to describe the threat...

In technical analysis, a common chart formation in which a share price reaches a peak and declines, ...

The Inland Revenue limit on how much money can be paid into a free-standing additional voluntary con...

In the US this is a generic term for insurance covering costs incurred due to illness, injury and di...

A market in which there are more sellers than buyers resulting in falling prices....

A strategy employed in the futures, options and warrants markets to reduce risk.

Traditio...

A clause in a research report or any published document, that attempts to absolve the writer of resp...

A fund which is managed 'aggressively' to get maximum rates of returns by using derivatives and swap...

Measured by the R-square in a regression of spot rate changes on futures price changes....

For options, ratio between the change in an option's theoretical value and the change in price of th...

An options strategy in which an investor with a long position in an underlying stock buys an out-of-...

A portfolio consisting of a long position in the stock and a long position in the put option on the ...