ZERO MINUS TICK
Zero Minus Tick, which is also called "zero downtick trade," refers to a trade of securities executed at the same price as its previous trade but is lower than the price in the last trade that has a different price. For example, in this series of trades - $12.50, $12.30, and $12.30 - the last trade would be a zero minus tick.
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Letter of Credit
A commitment or promise letter, from a bank or importer, that is written to the seller, which guarantees the payment will be received on time and i ...
Bond Buyer 20
Average yield of 20 general obligation bonds with an AA rating and 20-year maturity. Released by The Bond Buyer, it is a poll of municipal bond tra ...
Odd Date
Odd date is a type of due date for foreign-exchange contracts. Odd dates are neither fixed nor spot dates. They are normally unrelated and random d ...
Investing Style
In stock mutual fund investing, it refers to employing one of three possible approaches, investing in growth stocks, value stocks, or a combination ...
Business Owner Policy - BOP
Insurance policies which covers protection from property and liability insurances. This insurance package collates the basic coverages a business r ...
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