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

bullion coin

Banking; Investment banking

Coin made from precious metals whose value is based on its precious metal content. Bullion coins are minted in large numbers as they combine the advantages of coins and bars.

duration

Banking; Investment banking

The price sensitivity of a fixed-income security to an interest rate change of 1%. Duration is measured in years but should not be confused with the maturity of a bond. For all conventional bonds, ...

default probability

Banking; Investment banking

Likelihood that a counterparty will default on its obligation either over the life of the obligation or over some specified horizon. See also default.

gross interest

Banking; Investment banking

Interest paid before deduction of any taxes at source (such as withholding tax, excise tax, etc). Opposite: net interest.

domiciled bill

Banking; Investment banking

Bill containing a domicile clause which shows where the bill is payable. In actual practice, bills are usually domiciled at the bank of the acceptor.

foreign currency account

Banking; Investment banking

An account not denominated in local currency but in the currency of another country.

initial public offering

Banking; Investment banking

Also known as IPO or going public. First sale to the general public, by issuing and listing shares, of stock in a company whose equity had previously been held by a restricted group of persons. ...