2 Terms
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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
Add a new termContributors in Investment banking
Investment banking
above par
Banking; Investment banking
Term that indicates that the price of a security is higher than its nominal value. Opposite: below par. See also premium.
revocable letter of credit
Banking; Investment banking
Documentary credit that can be modified or cancelled at any time. The revocable letter of credit is hardly ever used because it offers little security.
acceptance credit
Banking; Investment banking
Short-term loan under which the bank permits the customer to draw bills up to a certain amount (credit line). The bills are then accepted and usually also discounted by the bank as agreed.
debt enforcement by seizure
Banking; Investment banking
Debt enforcement applied where no assets have been pledged and the debtor is not entered in the commercial register with a function which renders them subject to debt enforcement by bankruptcy ...
short covering
Banking; Investment banking
Purchase of securities or currencies in order to close a position created by short selling.
greenshoe
Banking; Investment banking
An option permitting the underwriter of an initial public offering to issue more shares than originally planned if demand is substantially stronger than expected. The greenshoe enables an issuer to ...
