- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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The purchase in the cash market of the difference between what you are obligated to deliver in a forward contract and the amount of the asset you own. For example, if you agreed to sell 100,000 bushels of corn in September in a forward contract, but you only have 60,000, you need to purchase 40,000 to cover your obligation.
Industry:Financial services
The whole-dollar price of a bid or offer is referred to as the handle (e.g., if a security is quoted at 101.10 bid and 101.11 offered, 101 is the handle). Traders are assumed to know the handle. See: Full.
Industry:Financial services
Federally sponsored agency chartered in 1934 whose stock is currently owned by savings institutions across the United States. The agency buys residential mortgages that meet certain requirements, sells these mortgages in packages, and insures the lenders against loss.
Industry:Financial services
An agreement to buy or sell a country's currency at a specific price, usually 30, 60, or 90 days in the future. This guarantees an exchange rate on a given date.
Industry:Financial services
An investor who has a large stake in a company, but does not wish to play an active role in the management of the corporation.
Industry:Financial services
US government agency chartered in 1989 to assume the responsibilities formerly held by the Federal Home Loan Bank system.
Industry:Financial services
A transaction in which the settlement will occur on a specified date in the future at a price agreed upon on the trade date.
Industry:Financial services
An investor who has a large stake in a corporation and takes an active role in its management. Antithesis of hands-off investor.
Industry:Financial services
A bank sponsored by the federal government to provide funds to institutions making loans to farmers.
Industry:Financial services
