- Industria: Financial services
- Number of terms: 25840
- Number of blossaries: 0
- Company Profile:
UBS AG, a financial services firm, provides wealth management, asset management, and investment banking services to private, corporate, and institutional clients worldwide.
The promise made by a mortgage borrower to the creditor not to encumber the property with any additional pledges in favour of third parties without the creditor's consent and not to raise existing ones. Usually agreed in writing. See also negative pledge clause.
Industry:Banking
The market on which new securities are launched and enter into circulation. See also secondary market.
Industry:Banking
Supplementary information included in the notes to the financial statements of a company, giving a breakdown of business results by sector and geographical location. Required in accordance with International Accounting Standards.
Industry:Banking
(1) A sum of money or property held and administered by trustees on behalf of a third party. Under UK/US law, both the trustees and the beneficiaries are regarded as being the owners of the assets or property.
(2) A group with a dominant market position. 'Trust' is seldom used in this sense these days, with the exception of phrases such as 'anti-trust legislation'.
(3) Previously common short form for unit trust (= investment fund).
Industry:Banking
Generally covers the banking business on the assets side of the balance sheet. In a narrower sense, the loans, advances, mortgages and other types of credit granted to customers or banks. Opposite: deposit business.
Industry:Banking
Certificated equity instrument or dividend-right certificate. See also share.
Industry:Banking
Mathematical calculation of the capital required by an insurance or pension fund to finance expected future benefits.
Industry:Banking
The first day after a stock dividend has become due, i.e. the day after the relevant stock is traded without the dividend.
Industry:Banking
Also: free share. Share newly issued by a corporation to its shareholders created through the conversion of reserves into share capital. Known in the US as stock dividend.
Industry:Banking
