CONDUIT ISSUER
Organization that gives municipal securities to generate capital for revenue-generating projects. The third party, also called conduit borrower, then use the fund to pay investors. It is usually backed by either the conduit borrower’s credit or funds pledged by outside investors. In the event a project fails and the security defaults, the conduit borrower is responsible for this.
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Robert C. Merton
American economist who won the 1997 Nobel Memorial prize in Economic Sciences, along with Myron Scholes, for developing the Black-Sholes model, whi ...
Buy Stops Above
Recommendation to purchase a given security once a security’s price surpasses a particular resistance level by putting a buy stop order at th ...
Admitted Company
An insurance company admitted and allowed by an another state to transact insurance business despite having a domiciled status on an another state. ...
Black Box Model
Computer program, process, or system processing the information entered by the user using pre-programmed logic in order to produce the user’s ...
Form 3903
A form issued by the IRS and used by taxpayers to deduct moving expenses related to taking a new job.
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