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Discount Points

Discount Points

The fee associated with the note rate for your loan, the more discount points you pay the lower the rate you can buy, the fewer you pay, the higher your rate. If the rate is high enough, the loan is priced above par and these premium points are available to pay closing costs creating a no or low fee loan.


Import demand elasticity

Import demand elasticity

The elasticity of demand for imports with respect to price.


Reported factor

Reported factor

The pool factor as reported by the bond buyer for a given amortization period.


Zero coupon convertible security

Zero coupon convertible security

A zero-coupon bond convertible into the common stock of the issuing company after the stock reaches a certain price, using a put option inherent in the security. Also refers to zero-coupon bonds, which are convertible into an interest bearing bond at a certain time before maturity.


Clear a position

Clear a position

To eliminate a long or short position, leaving no ownership or obligation.


Further Suggestions

Edge Act corporation
Gestation repo
Paid up policy
Future investment opportunities
Global Depository Receipt
Certificate of deposit (CD)
Depositary
protected portfolio
Compound Annual Growth Rate
Lehman Brothers Corporate Bond Index
policy document
Lehman Brothers Government or Corporate Bond Index
Possessory title
Take a powder
Legal monopoly
Long coupons
Synthetic forward position
Good faith deposit
Well diversified portfolio
TEFRA (Tax Equity and Fiscal Responsibility Act of 1983)
Export quota
Sponsor
Spot rate
Purchasing power
Portfolio theory


 
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