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Superglossary - Finance Category: Economy and Finance > Finance Date & country: 16/12/2013, USA Words: 5410

Quarterly Dividend Rate
Amount of last quarterly dividend declared in each calendar year.

Quasi-Public Corporation
A corporation that is operated privately, but is supported by the government in its operations and t

Quick Assets
Current assets minus inventories.

Quick Ratio
Indicator of a company's financial strength (or weakness). Calculated by taking current assets less

Quick Ratio
Current assets, excluding inventory and prepaid expenses, divided by current liabilities. Also known

Quid Pro Quo
An arrangement allowing a firm to use research from another firm at no cost in exchange for executin

Quiet Period
Time period an issuer is 'in registration' with the SEC and may not promote its forthcoming issue.

Quorum
The minimum number of people who must be present or must provide a proxy to vote at a meeting in ord

Quotation
Highest bid and lowest offer (asked) price currently available on a security or a commodity.

Quotation Board
The electronic board at a brokerage firm displaying prices other financial data.

Quoted Price
The price at which the last trade of a particular security or commodity took place.

Radar Alert
Close monitoring of trading patterns in a company's stock by senior managers to uncover unusual buyi

Raider
Individual or corporate investor who intends to take control of a company (often ostensibly for gree

Rainmaker
A valuable employee or manager who buys new business to a financial services company and thus genera

Rally (Recovery)
An upward movement of prices. Opposite of reaction.

Random Variable
A function that assigns a real number to each and every possible outcome of a random experiment.

Random Walk
Theory that stock price changes from day to day are accidental or haphazard; changes are independent

Randomized Strategy
A strategy of introducing into the decision-making process a chance element that is designed to conf

Range
The high and low prices, or high and low bids and offers, recorded during a specified time.

Range Forward
A forward exchange rate contract that places upper and lower bounds on the future cost of foreign ex

Rate Anticipation Swaps
An exchange of bonds in a portfolio for new bonds that will achieve the target portfolio duration, g

Rate Base
The value of a regulated public utility and its operations as defined by its regulators and on which

Rate Covenant
A provision governing a municipal revenue project financed by a revenue bond issue, which establishe

Rate Lock
An agreement between the mortgage banker and the loan applicant guaranteeing a specified interest ra

Rate Of Interest
The rate, as a proportion of the principal, at which interest is computed.

Rate Of Return
Calculated as the (value now minus value at time of purchase) divided by value at time of purchase.

Rate Of Return Ratios
Ratios that measure the profitability of a firm in relation to various measures of investment in the

Rate Risk
In banking, the risk that profits may drop or losses occur because a rise in interest rates forces u

Ratings
An evaluation of credit quality of a company's debt issue by Moody's, S&P, and Fitch Investors Servi

Ratio
A comparison of financial statement elements in the form of a quotient. Ratios such as the price/ear

Ratio Analysis
A way of expressing relationships between a firm's accounting numbers and their trends over time tha

Ratio Of Average Price To Equity
The ratio of average annual High-Low prices to equity capital per share at corporate book value at t

Ratio Writer
An option writer who does not own the number of shares required to cover the call options he or she

Rational Expectations
The idea that people rationally anticipate the future and respond today to what they see ahead. This

Raw Material
Materials a manufacturer converts into a finished product.

Raw Material Supply Agreement
As used in connection with project financing, an agreement to furnish a specified amount per period

Raw Materials
Another term for materials.

Reachback
The ability of a tax shelter or limited partnership to deduct certain costs and expenses at the end

Reaction
A decline in prices following an advance. Opposite of rally.

Reading The Tape
Judging the performance of stocks by monitoring changes in price as they are displayed on the ticker

Real
Used in the context of general equities. (1) natural, (2) not dividend roll-or program trading-relat

Real Assets
Identifiable assets, such as land and buildings, equipment, patents, and trademarks, as distinguishe

Real Capital
Wealth that can be represented in financial terms, such as savings account balances, financial secur

Real Cash Flow
Income expressed in current purchasing power terms.

Real Estate
A piece of land and whatever physical property is on it.

Real Estate Appraisal
An estimate of the value of property using various methods.

Real Estate Broker
An intermediary who receives a commission for arranging and facilitating the sale of a property for

Real Estate Investment Trust (REIT)
REITs invest in real estate or loans secured by real estate and issue shares in such investments. A

Real Exchange Rates
Exchange rates that have been adjusted for the inflation differential between two countries.

Real Gain Or Loss
A gain or loss adjusted for increasing prices by an inflation index such as the CPI.

Real Income
The income of an individual, group, or country adjusted for inflation.

Real Interest Rate
The rate of interest excluding the effect of expected inflation; that is, the rate that is earned in

Real Market
The bid and offer prices at which a dealer could execute the desired quantity of shares. Quotes in t

Real Property
Land plus all other property that is in some way attached to the land.

Real Rate Of Return
The percentage return on some investments that has been adjusted for inflation.

Real Time
A real-time stock or bond quote is one that states a security's most recent offer to sell or bid (bu

Realistic On Price
In trading, and indication that the size under consideration requires price give, especially with il

Realized Compound Yield
Yield assuming that coupon payments are invested at the going market interest rate at the time of th

Realized Profit (Or Loss)
A capital gain or loss on securities held in a portfolio that has become actual by the sale or other

Realized Return
The return that is actually earned over a given time period.

Realtor
A specific designation given to members of real estate firms affiliated with the National Associatio

Rebalancing
Realigning the proportions of assets in a portfolio as needed.

Rebate
Negotiated return of a portion of the interest earned by the lender of stock to a short seller. When

Recapitalization Proposal
Often used in risk arbitrage. Plan by a target company to restructure its capitalization (debt and e

Recapture
A provision in a contract that allows one party to recover (recapture) some degree of possession of

Receivables
Another term for accounts receivable.

Receivables Balance Fractions
The percentage of a month's sales that remains uncollected (and part of accounts receivable) at the

Receivables Turnover Ratio
Total operating revenues divided by average receivables. Used to measure how effectively a firm is m

Receive Versus Payment
An instruction that only cash will be accepted in exchange for delivery of securities.

Receiver
A bankruptcy practitioner appointed by secured creditors to oversee the repayment of debts.

Receivers Certificate
A debt instrument issued by a receiver and serving as a lien on the property, which provides funding

Recession
A temporary downturn in economic activity, usually indicated by two consecutive quarters of a fallin

Reclamation
A claim for the right to return or the right to demand the return of a security that has been previo

Record Date
(1) Date by which a shareholder must officially own shares in order to be entitled to a dividend. Fo

Recourse
Term describing a type of loan. If a loan is with recourse, the lender has a general claim against t

Recovery
The use of depreciation of assets to offset costs; or a new period of rising securities prices after

Red Herring
A preliminary prospectus providing information required by the SEC. It excludes the offering price a

Red-Lining
Illegal discrimination in making loans, insurance coverage, or other financial services available to

Redeemable
Eligible for redemption under the terms of an indenture.

Redemption
Repayment of a debt security or preferred stock issue, at or before maturity, at par or at a premium

Redemption Charge
The commission a mutual fund charges an investor who is redeeming shares. For example, a 2% redempti

Redemption Cushion
The percentage by which the conversion value of a convertible security exceeds the redemption price

Redemption Date
The date on which a bond matures or is redeemed.

Redemption Or Call
Right of the issuer to force holders on a certain date to redeem their convertibles for cash. The ob

Rediscount
To discount short-term negotiable debt instruments for a second time, after they have been discounte

Reduction-Option Loan (ROL)
A hybrid of a fixed-rate and adjustable-rate mortgage. An ROL the borrower to match the current mort

Reference Rate
A benchmark interest rate (such as LIBOR) used to specify conditions of an interest rate swap or an

Refinancing
An extension and/or increase in amount of existing debt.

Reflation
Government monetary action that causes a reversal of deflation.

Refund
To retire existing bond issues through the sale of a new bond issue, usually to reduce the interest

Refundable
Eligible for refunding under the terms of a bond indenture.

Refunded Bond
Also called a prerefunded bond, a bond that originally may have been issued as a general obligation

Refunding
Redeeming a bond with proceeds received from issuing lower-cost debt obligations with ranking equal

Refunding Escrow Deposits (Reds)
A financial instrument involving a forward purchase contract that obligates investors to buy bonds a

Regional Bank
A bank operating in a specific region of the country, taking deposits and offering loans.

Regional Fund
A mutual fund that invests in a specific geographic area overseas, such as Asia or Europe.

Regional Stock Exchanges
Organized national securities exchanges located outside of New York City and registered with the SEC

Registered Bond
A bond whose issuer records ownership and interest payments. Differs from a bearer bond, which is tr

Registered Check
A check issued and guaranteed by a bank for a customer who provides funds for payment of the check.

Registered Company
A company that is listed with the SEC after submission of a required statement and compliance with d