(1912–1991)Joe Bain was born in Spokane, Washington in 1912 and died 7 September 1991 in Columbus, Ohio. He obtained his A.B. degree from the University of California at Los ...
Formerly, the day on which all transactions made during the previous account on the London Stock Exchange were settled. Since the account system was abandoned in 1996, transactions have to be settled ...
An announcement by a company that its future profits will be significantly lower than previously announced or forecast.
The banknotes and coins held by a UK bank. In the USA this is known as vault money.
A person who negotiates membership of individual syndicates and presents analyses on behalf of corporate members of Lloyd's.
1 Abbreviation for National Savings Certificate. See National Savings.2 Abbreviation for Nouveau Système de Cotation. See Paris Bourse.
A person or firm that makes an unwelcome takeover bid for a company. Compare grey knight; white knight.
Any transaction or event that gives rise to a liability to income tax or to capital gains tax.
A takeover bid for a company in which the directors of the target company oppose the bid.
A subsidiary undertaking that is owned 100% by a holding company (i.e. there is no minority interest).
In the USA, a pronouncement on financial reporting policy made by the Securities and Exchange Commission.
(plural paise)A monetary unit of Bangladesh, Bhutan, India, Nepal, and Pakistan, worth one hundredth of a rupee.
A statement certifying ownership of current gold holdings, issued by the US Treasury Department to Federal Reserve Banks.
(Latin: nude contract)An agreement that is unenforceable in British law because no consideration is mentioned. See contract.
The US equivalent of the UK source and application of funds or cash-flow projection.
Any bill of exchange that is payable on sight, i.e. on presentation, irrespective of when it was drawn.
An exotic option in which exercise is automatic if the price of the underlying reaches the exercise price.
To fund a new company in stages rather than by making a large capital sum available at the start.
(DAX)The main share index on the Frankfurt Stock Exchange. Introduced in 1988, it is a real-time index of 30 leading German companies. The MDAX index lists a further 50 companies representing various ...
The risk that a firm will not be able to meet its monetary commitments, notably any debt-related payments.