- Industry: News service
- Number of terms: 2877
- Number of blossaries: 0
- Company Profile:
United Kingdom-based news service and former financial market data provider that provides news reports from around the world to news media
Commitment from an underwriter or lead manager to purchase the whole issue of a security for resale to the secondary market. This method transfers the risk of being unable to sell a whole issue at the offering price from the issuer to the underwriter.
Industry:Financial services
The level at which an existing position in a market will produce neither a loss nor a gain. In company reporting terms the break-even point is where total sales exactly match total fixed and variable costs, so profit is zero. It can also be used for the point where total turnover exactly matches fixed costs. See also Fixed Costs.
Industry:Financial services
A term used in technical analysis to describe when a price climbs above a resistance level (usually its previous high) or falls below a support level (usually its previous low). Breakouts usually occur when a trend line or formation is broken. See also Technical Analysis.
Industry:Financial services
Brent blend is a benchmark crude oil from the UK North Sea against which other crude oils are priced. It is widely used as an indicator of the price of oil beyond energy markets. It is traded on forward markets and is the basis of futures and options contracts listed on the International Petroleum Exchange in London. See also Dated Brent, IPE, WTI.
Industry:Financial services
An agreement signed in 1944 at Bretton Woods, New Hampshire, USA, to effect a post-war international monetary system. This was the origin of the International Monetary Fund (IMF) and the World Bank. The system was based on fixed exchange rates combined with temporary financing facilities to overcome crises. In 1971 the dollar ceased to be convertible into gold and the Bretton Woods system exchange rate system was superseded by floating currencies. See also IMF and World Bank.
Industry:Financial services
Bridging, or a bridging loan, is short-term financing made available pending arrangement of intermediate or long-term financing.
Industry:Financial services
A term used in technical analysis. A price formation with the appearance of a horizontal triangle, with the apex on the left and the base at the right. The trend lines are widening so the base gets wider. Peaks and troughs get successively higher and lower, showing a market that has lost its way. See also Technical Analysis.
Industry:Financial services
Any trading date falling outside the standard periods traded in the forward markets. Also known as odd date. See also Forwards.
Industry:Financial services
(1) Norwegian company title: abbreviation of Bergenset Ansvar. (2) Bankers’ Acceptances. Sometimes known as time drafts, these are bearer-form short-term non-interest-bearing notes sold at a discount, redeemed by accepting banks for full face value at maturity. See also Bill of Exchange.
Industry:Financial services
