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Low ball |
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Low ballSlang for making an offer well below the fair value of an asset in hopes that the seller may be desperate to sell.Low ball Similar MatchesMothballingMothballingThe preservation of a production facility without using it to produce, but keeping the machinery in working order and supplies available. This may be preferable -- if the facility's operating costs are high and the aim is to have it available in time of war -- to having it produce in peacetime under a subsidy or import protection. See national defense argument. BalloonBalloonThe final payment on a loan which is significantly larger than those preceding it. Secert BallotSecert BallotIn the context of corporate governance, this is also known as confidential voting. An independent third party or employees sworn to secrecy are used to count proxy votes, and the management usually agrees not to look at individual proxy cards. This can help eliminate potential conflicts of interest for fiduciaries voting shares on behalf of others, or can reduce pressure by management on shareholder-employees or shareholder-partners. BallotBallotThe document distributed at the annual meeting to shareholders of record who wish to vote their shares in person. Balloon maturityBalloon maturityAny large principal payment due at maturity for a bond or loan with or without a sinking fund requirement. Further SuggestionsB Balloon NoteBalloon Payment Jump ball Balloon mortgage Balloon payment Proxy Committee Ballot Balloon Payment Snowballing |
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