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Round turn |
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Round turnProcedure by which the long or short position of an individual is offset by an opposite transaction or by accepting or making delivery of the actual financial instrument or physical commodity.Round turn Similar MatchesWrap Around MortgageWrap Around MortgageA second or junior mortgage with a face value of both the amount it secures and the balance due under the first mortgage. The mortgagee under the wrap-around collects a payment based on its face value and then pays the first mortgagee. It is most effective when the first has a lower interest rate than the second, since the mortgagee under the wrap-around gains the difference between the interest rates, or the mortgagor under the wrap-around may obtain a lower rate then if refinancing. Tokyo RoundTokyo RoundThe 7th round of multilateral trade negotiations that took place under GATT auspices, commencing 1973 and completed in 1979. This was the first trade round to deal with NTBs, by negotiating the Tokyo Round Codes. Round lotRound lotA trading order typically of 100 shares of a stock or some multiple of 100. Related: odd lot. Dillon RoundDillon RoundThe fifth round of multilateral trade negotiations that was held under GATT auspices, commencing 1960 and completed 1961. It was the first to be given a name, after C. Douglas Dillon, U.S. Undersecretary of State under Eisenhower and Treasury Secretary under Kennedy. Ground rentGround rentThis applies only to leasehold properties and is a sum paid annually to the freeholder by the leaseholder. Further SuggestionsAll inclusive Trust Deed (wrap around mortgage)round trip round lot ground rent Uruguay Round Tokyo Round Codes Doha Round Round trip transactions costs Kennedy Round Wraparound annuity Designated order turnaround system (DOT) Wraparound mortgage Down round Second round Turnaround time Ground lease Wraparound mortgage Unpaid ground rent charge Turnaround Day around order Round Round trip trade Millennium Round Wraparound Super Designated Order Turnaround System |
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