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

tax at source

Banking; Investment banking

Tax collected at source by withholding the amount of the tax from payments due to the taxpayer. See withholding tax.

sovereign

Banking; Investment banking

English gold coin, made from 22 carat gold and first minted in London in 1816 under Queen Victoria. Due to Britain's numerous colonies, the sovereign became widely accepted and used worldwide and was ...

pay-as-you-go system

Banking; Investment banking

Financing method used by pension funds under which employees' contributions during a particular period cover the benefits paid out to the retirement beneficiaries during that period. The Swiss state ...

subscription period

Banking; Investment banking

Period during which subscriptions to a new securities issue can be accepted by the subscribing agent (usually a bank).

defensive investment

Banking; Investment banking

Security with comparatively low price and earnings fluctuations in contrast to speculative securities. Defensive investments such as blue chips and bonds are especially suitable for long-term capital ...