Investment banking

Investment banking

Of or relating to the business of underwriting, or acting as the client's agent, in the issuance of securities in order to assist an individual, commercial enterprise, corporation or government instution ro raise capital.

Industry: Banking

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Investment banking

ask price

Banking; Investment banking

Price or rate at which securities, foreign exchange, foreign bank notes or precious metals are offered for sale. Price is marked A or a for asked. Opposite: bid.

documents against payment

Banking; Investment banking

Abbr.: D/P. Notation used in foreign trade transactions indicating that documents may be handed over to the buyer only against payment.

freight prepaid

Banking; Investment banking

Term used in commercial contracts indicating that the seller has paid the costs of freight beyond a named point to a second named point. Title to the shipment passes to the buyer at the first named ...

bearer share

Banking; Investment banking

Share made out to the bearer, i.e. the person who holds or possesses the instrument, rather than to a specific named person. Bearer shares may only be issued after payment of the full par value. ...

life insurance policy

Banking; Investment banking

Document confirming that a contract for life insurance coverage has been concluded. Serves only as evidence and is not a negotiable instrument.

offshore center

Banking; Investment banking

Also: offshore market. Internationally oriented financial market that offers investors and financial institutions special advantages by virtue of its liberal economic and fiscal legislation. ...

documentary acceptance credit

Banking; Investment banking

Acceptance credit used for import or export financing. Usually secured by an irrevocable documentary credit issued by the buyer's bank. See also documentary credit.