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

transfer

Banking; Investment banking

Cashless remittance of an amount of money from one account to another.

solvency

Banking; Investment banking

Ability of borrowers to meet their payment obligations. Opposite: insolvency. See also willingness to pay.

investment fund

Banking; Investment banking

Also: unit trust (UK), mutual fund (USA). Entity in which investors pool their capital for joint investment. The assets are managed by the fund management company for the account of the investors ...

balance sheet analysis

Banking; Investment banking

Assessment of the figures and ratios in the balance sheet and income statement (profit and loss account) in order to appraise the standing and creditworthiness of a company or to evaluate the ...

backwardation

Banking; Investment banking

(1) Payment made to carry forward short positions. (2) Situation in which the spot price of a currency plus the cost of rent and interest exceeds the forward price. Opposite: contango.

firm underwriting

Banking; Investment banking

Also: direct underwriting. Undertaking by a bank or syndicate to assume the risk of buying a new issue of securities and to offer them for public subscription at its own risk.

hard currency

Banking; Investment banking

Freely convertible currency characterized by low inflation rates in the country of issue and particularly high currency stability. Opposite: soft currency.