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

adjustment on conversion

Banking; Investment banking

Cash amount payable to the bondholder on conversion of a bond or payable to the company by the bondholder if the adjustment is negative. It is made up as follows: (1) Accrued interest if the term of ...

non-conforming mortgage

Banking; Investment banking

Mortgage loan that does not conform to US agency-established limits such as loan-to-value ratio, term to maturity and other characteristics. Non-conforming mortgages are usually mortgages not meeting ...

protest

Banking; Investment banking

Synonym for protest of a bill of exchange.

small cap

Banking; Investment banking

Share issued by companies with a relatively low stock market capitalization, a low public profile and thin trading volumes. See also: large cap, mid cap.

oversubscription

Banking; Investment banking

If demand for an issue exceeds the bond amount announced, the issue is said to be oversubscribed. See also allocation and stagging.

payment guarantee

Banking; Investment banking

A payment guarantee secures any claims by the seller on the buyer for payment of the contract price by the agreed date. Often used in the import-export business instead of a documentary credit where ...

per capita income

Banking; Investment banking

A measure representative of a country's wealth, generally arrived at by dividing the gross national product, gross domestic product or national income by its population. Per capita income is widely ...