- 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.
Also: call option. Option conveying the right to purchase the underlying. Opposite: put.
Industry:Banking
Also interim account. An account for the temporary entry of charges or credits, pending determination of their ultimate disposal. Frequently used in connection with doubtful accounts receivable.
Industry:Banking
Also: clearing organization. Institution which settles the payment of financial transactions between members. Used to rationalize securities trading and bank payments. Local clearing houses exist in all major banking centres, often alongside other organizations working on a national or international basis. See also bank clearing system, securities clearing.
Industry:Banking
Also: account. Record of all incoming and outgoing payments maintained by a bank for its clients. Interest rates, charges, credit and withdrawal limits and additional facilities will vary according to the type of account.
Industry:Banking
Short form: e-banking. Also: direct banking. Use of banking services via electronic channels or via designated providers and private transmission media regardless of time of day or location.
Industry:Banking
(1) Calculation of the capitalized value of regularly recurring payments or income streams (such as rental income) using a specific interest rate (capitalization rate).
(2) Synonym for market capitalization.
Industry:Banking
(1) Options trading: simultaneous purchase and sale of options of the same class with different strike prices and/or different maturities.
(2) Difference between bid and ask price.
(3) Difference between interest rates or yields for the same maturity in different currencies.
(4) Also: margin. Price difference between purchase and sale price or between the bid and ask price for securities, banknotes etc. The price difference between the bearer and registered shares of a company or the different interest rates on bonds is also termed spread.
Industry:Banking
Note issued by a central bank as a means of currency. A banknote does not embody any rights and as such does not constitute a security. Banknotes are legal tender.
Industry:Banking
The rate of interest charged on an overdue debt, from the date of default to the date of eventual settlement.
Industry:Banking
