Off-The-Run Treasury Yield Curve
What is 'Off-The-Run Treasury Yield Curve' The U.S. Treasury yield curve derived using off-the-run treasuries. Off-the-run treasuries refer to U.S. government bonds of a given maturity that are not the most recently issued. While they are not as recent as on-the-run treasuries, off-the-run treasuries can be used to construct a yield curve if there is a problem...
Off Board
What is 'Off Board' A stock transaction that fits one of the following two criteria: 1. A stock trade involving a security that does not trade on a major exchange, i.e., an over-the-counter (OTC) stock. 2. A stock trade involving a stock that is listed on a major exchange but is still executed over the...
Office Of Foreign Asset Control (OFAC)
What is 'Office Of Foreign Asset Control - OFAC' A department of the U.S. Treasury that enforces economic and trade sanctions against countries and groups of individuals involved in terrorism, narcotics and other disreputable activities. Explaining 'Office Of Foreign Asset Control - OFAC' The OFAC was officially created in 1950, when China entered the...
Karl Marx
Who was 'Karl Marx' Karl Marx was a philosopher and economist famous for his ideas about capitalism and communism. Marx, in conjunction with Friedrich Engels, published "The Communist Manifesto" in 1848; later in his life, he wrote "Das Kapital," which discussed the labor theory of value. Marx is often criticized for discussing economic theory and the exploitation...
Mandatory Convertible
What is a 'Mandatory Convertible' A mandatory convertible is a type of convertible bond that has a required conversion or redemption feature. Either on or before a contractual conversion date, the holder must convert the mandatory convertible into the underlying common stock. These securities provide investors with higher yields to compensate holders for the mandatory...
Make Whole Call (Provision)
What is a 'Make Whole Call (Provision)' A make whole call provision is a sort of call provision on a bond that allows the bond issuer to pay out the remaining debt before the bond matures Because of the call, the issuer is typically required to make a single lump sum payment to the investor, which is calculated using a...
Manufacturing Cells
DefinitionCellular manufacturing is a process of manufacturing which is a subsection of just-in-time manufacturing and lean manufacturing encompassing group technology. The goal of cellular manufacturing is to move as quickly as possible, make a wide variety of similar products, while making as little waste as possible. Cellular manufacturing involves the use of multiple "cells" in an assembly line fashion....
Mark to Market
DefinitionMark-to-market or fair value accounting refers to accounting for the "fair value" of an asset or liability based on the current market price, or for similar assets and liabilities, or based on another objectively assessed "fair" value. Fair value accounting has been a part of Generally Accepted Accounting Principles in the United States since the early 1990s, and is...
Margin Call
DefinitionMargin Call is a 2011 American drama film written and directed by J. C. Chandor. The principal story takes place over a 24-hour period at a large Wall Street investment bank during the initial stages of the financial crisis of 2007–08. In focus are the actions taken by a group of employees during the subsequent financial collapse. The ensemble...
Manager Of Managers (MOM)
What is 'Manager Of Managers - MOM' A class of financial intermediary that hires professional investment managers to oversee aspects of a client's investment fund. More specifically, the MOM tracks the performance of each investment manager and has the power to fire ineffective managers and then hire replacements on a client's behalf. Using a MOM to handle...