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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
issuer of a covered warrant
Banking; Investment banking
Also: writer of a covered warrant, writer. Seller of an option, who is obliged to buy or sell the underlying security at the pre-determined strike price. Whether the option is exercised depends on ...
expiry
Banking; Investment banking
Also: maturity. Date on which a debt (e.g. a bond) falls due or an option expires. Borrowers who fail to meet their obligations by the expiry date are said to be in default. See also default ...
FTSE-100
Banking; Investment banking
UK share price index compiled by FTSE, a company owned by the Financial Times and the London Stock Exchange. This index comprises the 100 most highly capitalised blue chip companies, representing ...
draw by lot
Banking; Investment banking
Lots are drawn to determine which bonds are to be redeemed according to the redemption schedule.
bull market
Banking; Investment banking
Also: bullish market, rising market. Market where prices are rising. See also rally. Opposite: bear market.
day deposit (90 days)
Banking; Investment banking
Bank deposit from clients or other banks fixed for a term of 90 days. See also time deposit.
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