- 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.
US: infrequently used name for preferred stock. UK: an obligation or debt due from a company and secured by a trust deed, usually with real estate property as collateral.
Industry:Banking
A share is quoted ex dividend when the amount of the dividend has been deducted from the price. When a stock is dealt ex dividend, the buyer has no right to the last dividend, only to the next one.
Industry:Banking
Coin minted from gold or gold alloys. Some gold coins are still valid as legal tender. In practice, however, all gold coins are traded at their market value, which is subject to continual fluctuations. Bullion coins have a market value broadly in line with their gold value.
Industry:Banking
Also: overheated economy. A situation in which the economy grows rapidly, resulting in production bottlenecks and inflation. See also economy.
Industry:Banking
A share made out in the name of the owner who is entered in the company share register. Opposite: bearer share.
Industry:Banking
Also referred to as a corporate raider, raider. Company that endeavours to take over another company against the will of the acquiree's management by seeking to convince the shareholders of the target company to accept the takeover contrary to the wishes of the management and Board of Directors. See also white knight.
Industry:Banking
(1) In terms of the law pertaining to bills of exchange: person or firm in whose name a bill of exchange has been made out (person ordered to pay under the bill). The drawee is only subject to legal obligations in respect of the bill of exchange when he/she/it has accepted the latter. See also acceptance.
(2) In terms of the law pertaining to cheques: the bank on which a cheque was drawn and which cashes the cheque to the debit of the drawer provided the necessary cover is available.
Industry:Banking
Also: output. Increase in value created by a company or an economy over a given period. The sum of the value added by all companies in a country corresponds to the gross domestic product.
Industry:Banking
(1) Security issued on an underlying stock.
(2) Option issued together with another class of security by a stock corporation (e.g. bond with warrants).
Industry:Banking
Written promise from a debtor to make periodic payments to a creditor (payments being contingent on the profits generated by the debtor's company) thus compensating the creditor for not enforcing his right to have a restructuring programme imposed on the debtor.
Industry:Banking
