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Drop dead day |
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Drop dead dayThe date on which a deadline is final, with no exceptions.Drop dead day Similar MatchesDrop dead feeDrop dead feeA term of British origin referring to fee that must be paid if a deal falls through because of financing issues. Drop, TheDrop, TheIn a dollar roll transaction, the difference between the sale price of a mortgage-backed pass-through, and its repurchase price on a future date at a predetermined price. Drop lockDrop lockThe fixing of the interest rate on a floating-rate note or preferred stock if it falls to a specified level. DropDropRefers to over-the-counter trading. Remove from OTC trading list; hence, no longer making a OTC in a security. |
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