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


Upset Price
Raising the quality rating of a security because of new optimism about the prospects of a firm due t

Upside Potential
The minimum price at which a seller of property will accept a bid at an auction.

Upstairs Market
The amount by which analysts or investors expect the price of a security may increase.

Upstairs Order
A network of trading desks for the major brokerage firms and institutional investors, which communic

Upswing
Used for listed equity securities. Off-floor order.

Uptick Rule
An upward turn in a security's price after a period of falling prices.

Uptick Trade
SEC rule that selling short is allowed only on an up tick.

Useful Life
A transaction that takes place at a higher price than the preceding transaction involving the same s

Useful Life
The expected period of time during which a depreciating asset will be productive.

Usury Laws
An estimate of the period of time over which an asset will be of use to a company. Along with acquis

Utility
Laws limiting the amount of interest that can be charged on loans.

Utility Function
A power company that owns or operates facilities used for the generation, transmission, or distribut

Utility Revenue Bond
A mathematical expression that assigns a value to all possible choices. In portfolio theory, the uti

Utility Value
A municipal bond issued to finance the construction of public utility services. These bonds are repa

Valuation
A technical chart pattern that follows a letter V form, indicating that the security price has botto

Valuation Reserve
Determination of the value of a company's stock based on earnings and the market value of assets.

Value Additivity Principal
An allowance to provide for changes in the value of a company's assets, such as depreciation.

Value Broker
When the value of a whole group of assets exactly equals the sum of the values of the individual ass

Value Date
A discount broker whose rates are a percentage of the dollar value of each transaction.

Value Dating
In the market for Eurodollar deposits and foreign exchange, the delivery date of funds traded. For s

Value Line Investment Survey
When value or credit is given for funds transferred between banks.

Value Manager
A proprietary service that ranks stocks for timeliness and safety.

Value-Added Tax
A manager who seeks to buy stocks that are at a discount to their 'fair value' and to sell them at o

Value-At-Risk Model (Var)
Method of indirect taxation that levies a tax is at each stage of production on the value added at t

Vancouver Stock Exchange (VSE)
Procedure for estimating the probability of portfolio losses exceeding some specified proportion bas

Vanilla Issue
A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture

Variable
A security issue that has no unusual features.

Variable Annuities
An element in a model. For example, in the model RS&Pt+1 = a + b Tbillt + et, where RS&Pt+1 is the r

Variable Cost
Investment contracts whose issuer pays a periodic amount linked to the investment performance of an

Variable Costs
A cost that is directly proportional to the volume of output produced. When production is zero, the

Variable Life Insurance Policy
Expenditures that change in proportion to increases or decreases in sales or production volumes. See

Variable Rated Demand Bond (VRDB)
A whole life insurance policy that provides a death benefit dependent on the insured's portfolio mar

Variable-Price Security
Floating-rate bond that periodically can be sold back to the issuer.

Variable-Rate Cds
A security that sells at a fluctuating market-determined price stocks and bonds are example.

Variable-Rate Demand Note
Short-term certificate of deposits that pay interest periodically on roll dates. On each roll date,

Variable-Rate Loan
A note that is payable on demand and bears interest tied to a money market rate.

Variance
Loan made at an interest rate that fluctuates depending on a base interest rate, such as the prime r

Variance
The difference between actual and targeted numbers for revenues, expenditures, or productivity. Vari

Variance Rule
A measure of dispersion of a set of data points around their mean value. The mathematical expectatio

Variation Margin
An approach to bond indexing that uses historical data to estimate the variance of the tracking erro

Velda Sue
An additional required deposit to bring an investor's equity account up to the initial margin level

Velocity
Stands for Venture Enhancement and Loan Development Administration for Smaller Undercapitalized Ente

Vendor
The number of times a dollar is spent, or turns over, in a specific period of time. Velocity affects

Venture Capital
Seller or supplier.

Venture Capital Limited Partnership
An investment in a start-up business that is perceived to have excellent growth prospects but does n

Vertical Acquisition
A partnership between a start-up company and a brokerage firm or entrepreneurial company that provid

Vertical Analysis
Buying or taking over a firm in the same industry in which the acquired firm and the acquiring firm

Vertical Line Charting
Dividing each expense item in the income statement of a given year by net sales to identify expense

Vertical Merger
A form of technical charting that shows the high, low, and closing prices of a stock or a market on

Vertical Spread
When one firm acquires another firm that is in the same industry but at another stage in the product

Vest
Simultaneous purchase and sale of two options that differ only in their exercise price. See

Vienna Stock Exchange (VSX)
A home mortgage loan granted by a lending institution to U.S. veterans and guaranteed by the Veteran

Virtual Currency Option
One of the world's oldest exchanges, which accounts for approximately 50% of Austrian stock transact

Visible Supply
A new option contract introduced by the PHLX in 1994 that is settled in U.S. dollars rather than in

Volatility
New muni bond issues scheduled to come to market within the next 30 days.

Volatility Risk
A measure of risk based on the standard deviation of the asset return. Volatility is a variable that

Volume
The risk in the value of options portfolios due to the unpredictable changes in the volatility of th

Volume Deleted
This is the daily number of shares of a security that change hands between a buyer and a seller.

Volume Discount
A note appearing on the consolidated tape when the tape is running behind under heavy trading, meani

Voluntary Accumulation Plan
A reduction in price based on the purchase of a large quantity.

Voluntary Bankruptcy
Arrangement allowing shareholders of a mutual fund to purchase shares over a period of time on a reg

Voluntary Liquidation
The legal proceeding that follows a petition of bankruptcy.

Voluntary Plan
Liquidation proceedings that are supported by a company's shareholders.

Voting Certificate
A pension plan supported partially by the employee by pension contributions deducted from each paych

Voting Rights
Certificates issued by a voting trust to stockholders in exchange for their common stock, which repr

Voting Stock
The right to vote on matters that are put to a vote of security holders. For example the right to vo

Voting Trust Certificate
The shares in a corporation that entitle the shareholder to vote.

Wage Assignment
Fifth letter of a Nasdaq stock symbol indicating that this particular stock is a warrant.

Wage-Push Inflation
A loan agreement provision allowing the lender to deduct payments from an employee's wages in case o

Waiting Period
Inflation caused by skyrocketing wages.

Waiver Of Premium
Time during which the Securities and Exchange Commission (SEC) studies a firm's registration stateme

Walk Away
A provision in an insurance policy that allows payment of insurance premiums to be permanently or te

Wall Street
To take and maintain a position in a stock after going to the floor to consummate a trade. Antithesi

Wall Street Analyst
Generic term for the securities industry firms that buy, sell, and underwrite securities.

Wallflower
Related

Wallpaper
Stock that has fallen out of favor with investors; stock that tends to have a low P/E (price-to-earn

Wanted For Cash
A security with no monetary value.

War Babies
A statement displayed on market tickers indicating that a bidder will pay cash for same-day settleme

War Chest
Slang term for the stocks and bonds of corporations in the defense industry.

Warehouse Receipt
Cash kept aside for a takeover or for defense against a takeover bid.

Warehousing
Evidence that a firm owns goods stored in a warehouse.

Warrant
The interim holding period from the time of the closing of a loan to its subsequent marketing to cap

Warranty
A security entitling the holder to buy a proportionate amount of stock at some specified future date

Wash
A guarantee by a seller to a buyer that if a product requires repair or remedy of a problem within a

Wash Sale
Gains equal losses.

Wasting Asset
Purchase and sale of a security either simultaneously or within a short period of time, often in ord

Watch List
An asset that has a limited life and thus decreases in value (depreciates) over time. Also applies t

Watered Stock
A list of securities selected for special surveillance by a brokerage, exchange, or regulatory organ

Weak Dollar
A stock representing ownership in a corporation that is worth less than the actual invested capital,

Weak Market
A depreciated dollar with respect to other currencies, meaning that more dollars are needed to buy a

Weak-Form Efficiency
A market with few buyers and many sellers and a declining trend in prices.

Wedge
A pricing theory that the price of a security reflects the past price and trading history of the sec

Weekend Effect
A chart pattern composed of two converging lines connecting peaks and troughs. In the case of fallin

Weighted Average Coupon
Expected return on a portfolio of all a firm's securities. Used as a hurdle rate for capital investm

Weighted Average Maturity
The weighted average of the gross interest rates of mortgages underlying a pool as of the pool issue

Weighted Average Portfolio Yield
The weighted average maturity of an MBS is the weighted average of the remaining terms to maturity o

Weighted Average Remaining Maturity
The weighted average of the yield of all the bonds in a portfolio.

Well-Diversified Portfolio
The average remaining term of the mortgages underlying a MBS.

When Distributed
A portfolio that includes a variety of securities so that the weight of any security is small. The r

When Issued (WI)
Refers to a transaction made conditionally, because a security, although authorized, has not yet bee