- 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
When an investor buys a company’s shares at a time when he believes they are unlikely to fall much further. Also, when a company buys up loss-making competitors or purchases their assets.
Industry:Financial services
The final cost or result of a project or action. The term derives from companies’ profit and loss accounts in which the bottom line shows the extent of the profit or loss after all income and expenses have been accounted for. In contrast with the top line, which shows net sales or total revenues of a company.
Industry:Financial services
Authority given to a banker to dispose of goods pledged as security against a loan. For example, the pledging of a ship as collateral against emergency loans needed for repairs, with a commitment to repay the loan on safe completion of the voyage. If the ship’s owner fails to repay the loans the bank can exercise bottomry and dispose of the ship.
Industry:Financial services
An investment strategy that relies on stock picking, rather than trying to achieve a balanced weighting in various sectors. If a fund uses a bottom-up approach, it will focus on the performance and management of individual companies rather than general economic or market trends. The opposite of top down. See also Top Down.
Industry:Financial services
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
