- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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Number of shares authorized for issuance by a firm's corporate charter.
Industry:Financial services
A dividend that has reached its due date, but is not paid out. See: Cumulative preferred stock.
Industry:Financial services
The option of terminating an investment earlier than originally planned.
Industry:Financial services
The correlation of a variable with itself over successive time intervals. Sometimes called serial correlation.
Industry:Financial services
A tax on earnings kept in a firm to prevent the higher personal income tax rate that would obtain if profits were paid out as dividends to the owners.
Industry:Financial services
Refers to the borrower's ability to make interest and principal payments on debts. See: Fixed charge coverage ratio. In context of municipal bonds, refers to the issuer's present and future ability to create sufficient tax revenue to fulfill its contractual obligations, accounting for municipal income and property values. In context of taxation, notion that tax rates should be determined according to income or wealth.
Industry:Financial services
A protection procedure whereby the Options Clearing Corporation attempts to protect the holder of an expiring in-the-money option by automatically exercising the option on behalf of the holder.
Industry:Financial services
In the context of corporate finance, refers to profits that are added to the capital base of the company rather than paid out as dividends. See: Accumulated profits tax. In the context of investments, refers to the purchase by an institutional broker of a large number of shares over a period of time in order to avoid pushing the price of that share up. In the context of mutual funds, refers to the regular investing of a fixed amount while reinvesting dividends and capital gains.
Industry:Financial services
The component of the return that is not due to systematic influences (market-wide influences). In other words, abnormal returns are above those predicted by the market movement alone. Related: excess returns.
Industry:Financial services
