9 Terms
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General Finance
Industry: Financial services
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General Finance
theoretical value
Financial services; General Finance
Applies to derivative products. Mathematically determined value of a derivative instrument as dictated by a pricing model such as the Black-Scholes model.
severally but not jointly
Financial services; General Finance
An agreement between members of an underwriting group buy a new issue (severally), but not to assume joint liability for shares left unsold by other members.
standard error
Financial services; General Finance
In statistics, a measure of the possible error in an estimate. Plus or minus 2 standard errors usually provides a 95% confidence interval.
theta
Financial services; General Finance
The ratio of the change in an option price to the decrease in time to expiration. Also called time decay.
severance
Financial services; General Finance
A settlement received after being released from a corporation. In the context of corporate governance, an agreement that assures high-level executives of their postions or some compensation and are ...
Standard Industrial Classification (SIC)
Financial services; General Finance
A code system that designates a unique business activity classified by industry.
thin market
Financial services; General Finance
A market in which trading volume is low, and consequently bid and asked quotes are wide and the instrument traded is not very liquid. Very little stock to buy or sell. Illiquid.
