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

currency zone

Banking; Investment banking

Also referred to as a currency area. Geographical area in which a currency is legal tender. A currency zone normally coincides with the national frontiers of a country because it is defined by the ...

consols

Banking; Investment banking

See perpetual annuity.

issue prospectus

Banking; Investment banking

Document required by law and issued by a company or public authority planning to issue securities on the Swiss securities market. It provides detailed information about the modalities of the issue, ...

profit

Banking; Investment banking

The income remaining after deduction of all expenses during a specific period. In the case of banks, total income less interest paid is considered gross operating earnings, whereas total gross income ...

spot rate

Banking; Investment banking

Also: spot price, spot, spot level. Rate of a currency or price of a security in a spot transaction. Opposite: forward rate.

co-ownership

Banking; Investment banking

Joint ownership of a property by two or more persons under which each retains title to a distinct part. Each co-owner can sell or pledge his or her portion, whereas disposal over the entire property ...

penny stock

Banking; Investment banking

Stock issued at a price of less than one dollar, usually for the purpose of attracting buyers who feel that they are getting a bargain by being able to buy a lot of shares for little money. Usually ...