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General Finance
Industry: Financial services
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General Finance
testamentary trust
Financial services; General Finance
A trust created by a will, that is scheduled to occur after the maker's death.
settlement options
Financial services; General Finance
The various possibilities open to a beneficiary under a life insurance policy as to how the benefit will be paid out.
standby letter of credit
Financial services; General Finance
Agreement to guarantee invoice payments to a supplier; a standby LOC promises to pay the seller if the buyer fails to pay.
systematic withdrawal plan
Financial services; General Finance
A provision of certain mutual funds to pay out to the shareholder specified amounts after specified periods of time.
the desk
Financial services; General Finance
The trading desk at the Federal Reserve Bank of New York through which open market purchases and sales of government and federal agency securities are made. The desk maintains direct telephone ...
settlement price
Financial services; General Finance
A figure determined by the closing range that is used to calculate gains and losses in futures market accounts. Settlement prices are used to determine gains, losses, margin calls, and invoice prices ...
stand up to
Financial services; General Finance
Make a good-sized market in the trader's own bid and offering prices. Hence, "standing up" to the bid signifies the trader's willingness to buy size (i.e., 50m) volume at the advertised bid, even if ...
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