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

Stated Conversion Price
The interest rate expressed as a per year percentage, by which interest payments are determined. See

Stated Maturity
At the time of issuance of a convertible security, the price the issuer effectively grants the secur

Stated Value
For the CMO tranche, the date the last payment would occur at zero CPR.

Statement Billing
A monetary worth figure that bears no relation to market value that is assigned, for accounting purp

Statement Of Cash Flows
Billing method in which the sales for a period such as a month (for which a customer also receives i

Statement Of Cash Flows
Another term for cash flow statement.

Statement Of Condition
A financial statement showing a firm's cash receipts and cash payments during a specified period.

Statement-Of-Cash-Flows Method
The is a currency translation standard once used by U.S. accounting firms. See

Static Theory Of Capital Structure
A method of cash budgeting that is organized along the lines of the statement of cash flows.

Statistical Tracking Error
Theory that the firm's capital structure is determined by a trade-off of the value of tax shields ag

Statutory Investment
Used in the context of general equities. Standard deviation of the difference between the portfolio

Statutory Merger
An investment that a trustee is authorized to make under state law.

Statutory Surplus
A merger in which one corporation remains as a legal entity, instead of a new legal entity being for

Statutory Voting
The surplus of an insurance company determined by the accounting treatment of both assets and liabil

Staying Power
The standard rule in most corporations that there is one vote per share in elections of the board of

Steady State
The ability of an investor to stay in the market and not to sell out of a position when an investmen

Steenth
As an MBS pool ages, or four to six months after component mortgages have passed at least once the t

Steepening Of The Yield Curve
1/16 (0.0625) of one full point in price. Often used in negotiations to compromise an eighth differe

Step Aside
A change in the yield curve where the spread between the yield on a long-term and short-term Treasur

Step Up
Allow a block to trade at a price at which you do not care to participate in the trade.

Step-Down Note
To increase, as in step up the tax basis of an asset.

Step-Up Bond
A floating-rate note whose interest rate declines after a specified period of time.

Sterilized Intervention
A bond that pays a lower coupon rate for an initial period, and then increases to a higher coupon ra

Sticky Deal
Foreign exchange market activity by which monetary authorities insulate their domestic money supplie

Stochastic Models
A new securities issue that may be difficult to sell because of problems in the market or underlying

Stochastics Index
Liability-matching models that assume that the liability payments and the asset cash flows are uncer

Stock
A computerized tool measuring overbought and oversold conditions in a stock over a certain period.

Stock Ahead
Ownership of a corporation indicated by shares, which represent a piece of the corporation's assets

Stock Bonus Plan
When two or more orders for a stock at a certain price arrive about the same time, and the exchange'

Stock Buyback
A plan used as an incentive that rewards employee performance with stock in the company.

Stock Certificate
A corporation's purchase of its own outstanding stock, usually in order to raise the company's earni

Stock Dividend
A document representing the number of shares of a corporation owned by a shareholder.

Stock Exchange Of Hong Kong (SEHK)
London's Nasdaq system.

Stock Exchange Of Thailand (SET)
The only stock exchange in Singapore.

Stock Exchange, Mumbai (BSE)
The only stock exchange in Thailand.

Stock Exchanges
Formerly the Bombay stock exchange, the BSE accounts for more than one-third of Indian trading volum

Stock Index
Formal organizations, approved and regulated by the Securities and Exchange Commission (SEC), that a

Stock Index Future
Index like the Dow Jones Industrial Average that tracks a portfolio of stocks.

Stock Index Option
A security that uses composite stock indexes to allow investors to speculate on the performance of t

Stock Insurance Company
An option in which the underlying is a common stock index.

Stock Jockey
An insurance company owned by a group of stockholders, who are not necessarily policyholders.

Stock List
A stock broker who frequently buys and sells shares in a client's portfolios.

Stock Market
The department within a stock exchange that oversees compliance with listing requirements and exchan

Stock Option
Also called the equity market, the market for trading equities.

Stock Power
An option whose underlying asset is the common stock of a corporation.

Stock Purchase Plan
A power of attorney form giving ownership of a security to another person, brokerage firm, bank, or

Stock Rating
A plan allowing employees of a company to purchase shares of the company, often at a discount or wit

Stock Record
An evaluation by a rating agency of the expected financial performance or inherent risk of common st

Stock Replacement Strategy
The accounting a brokerage firm keeps of all securities held in inventory.

Stock Repurchase
A strategy for enhancing a portfolio's return, used when the futures contract is expensive according

Stock Right
A firm's repurchase of outstanding shares of its common stock.

Stock Selection
Another terminology for a stock option.

Stock Split
An active portfolio management technique that focuses on advantageous selection of particular stock

Stock Ticker
Occurs when a firm issues new shares of stock and in turn lowers the current market price of its sto

Stock Watcher (NYSE)
A letter designation assigned to securities and mutual funds that trade on U.S. financial exchanges.

Stockholder Books
A computerized service that monitors and investigates trading activity on the NYSE in order to ident

Stockholder Equity
Set of books kept by firm management for its annual report that follows Financial Accounting Standar

Stockholder Of Record
Balance sheet item that includes the book value of ownership in the corporation. It includes capital

Stockholders Equity
Stockholder whose name is registered on the books of a corporation and thus will receive dividends f

Stockholders Equity
The residual claims that stockholders have against a firm's assets, calculated by subtracting all cu

Stockholders Report
Another term for equity.

Stockholm Stock Exchange
The annual report and other reports given to stockholders to inform them of the company's financial

Stockout
The only official equity trading market in Sweden.

Stop Basis
Running out of inventory.

Stop Order (Or Stop)
Refers to over-the-counter trading. Method of entering an OTC trade into the trader's position witho

Stop Payment
An order to buy or sell at the market when a definite price is reached, either above (on a buy) or b

Stop-Limit Order
An order given a depository institution not to pay out cash for a check; often used when the check h

Stop-Loss Order
A stop order that designates a price limit. Unlike the stop order, which becomes a market order once

Stop-Out Price
An order to sell a stock when the price falls to a specified level.

Stopped
The lowest auction price at which Treasury bills are sold.

Stopped Out
Guaranteed a specific price on the customer's working order while the dealer tries to obtain a bette

Stopping Curve
A purchase or sale that is executed under a stop order at the stop price specified by the customer.

Stopping Curve Refunding Rate
A curve showing the refunding rates for different times at which the expected value of refunding imm

Story Stock-Bond
A refunding rate that falls on the stopping curve.

Straddle
A highly complex security that requires a long 'story' so that investors may understand the corporat

Straight
Purchase or sale of an equal number of puts and calls with the same terms at the same time. Related:

Straight Term Insurance Policy
Direct telephone line, compared to an outside line that requires a telephone number to be dialed.

Straight Value
Term life insurance policy providing a fixed-amount death benefit over a certain number of years.

Straight Voting
Also called investment value, the value of a convertible security without the conversion option.

Straight-Line Depreciation
Allows shareholder to cast all of the shareholder's votes for each candidate for the board of direct

Straight-Line Method
Amortizing or apportioning an equal dollar amount of depreciation in each accounting period.

Strangle
The simplest form of depreciation, in which an equal expense is recorded in each year of an asset's

Strategic Buyout
Buying or selling an out-of-the-money put option and call option on the same underlying instrument,

Stratified Equity Indexing
Acquisition of another firm in order to realize some operational benefits which will result in incre

Stratified Sampling Bond Indexing
Dividing an index into cells, each representing a different characteristic of the index, such as dur

Stray
A method of bond indexing that divides the index into cells, each cell representing a different char

Street
(1) Not a member of the participating party in the trade at hand; (2) not a meaningful indication of

Street Name
Means Wall Street financial community; brokers, dealers, underwriters, and other knowledgeable parti

Strike Index
Registration under which securities maybe held by a broker on behalf of a client but be registered i

Strike Price
For a stock index option, the index value at which the buyer of the option can buy or sell the under

Strip
The stated price per share for which underlying stock may be purchased (in the case of a call) or so

Stripped Bond
Ownership interests in specified mortgages purchased by Freddie Mac from a single seller in exchange

Stripped Yield
Securities that redistribute the cash flows from the underlying generic MBS collateral into the prin

Strong Dollar
Applies mainly to convertible securities. Return on the debt portion of a bond/warrant unit after su

Strong-Form Efficiency
When the dollar can be exchanged for a large amount of foreign currency, benefiting travelers but hu

Structured Arbitrage Transaction
A form of pricing efficiency, that posits that the price of a security reflects all information, whe

Structured Debt
A self-funding, self-hedged series of transactions that usually use mortgage-backed securities (MBS)

Structured Note
Debt that has been customized for the buyer, often by incorporating unusual options.

Structured Portfolio Strategy
A derivative investment that will change in value with movements of an underlying index; or a note w

Structured Settlement
Desigining a portfolio to achieve a level of performance that matches some predetermined liabilities