Tag: bonds
Generic Securities
What are generic securities and why are they important
Generic securities are financial instruments that are not tied to a specific company or asset. Instead,...
Gen-Saki
What is 'Gen-Saki' A secondary market in Japan, also known as a repo market for its similarity to repurchase agreements. It is...
Tax Equity And Fiscal Responsibility Act Of 1982 (TEFRA)
What is 'Tax Equity And Fiscal Responsibility Act Of 1982 - TEFRA' Federal tax legislation passed in 1982 that modified some aspects...
Target Risk Fund
What is 'Target Risk Fund' A fund that attempts to expose its investors to a specified amount of risk. The fund manager...
Par Value
DefinitionPar value, in finance and accounting, means stated value or face value. From this come the expressions at par, over par and under par....
Above Par
What is 'Above Par' A term used to describe the price of a security when it is trading above its face value....
Tax Arbitrage
What is 'Tax Arbitrage' The practice of profiting from differences between the way transactions are treated for tax purposes. The complexity of...
Target-Date Fund
Target-date funds are a type of mutual fund that is designed to meet the investment needs of a particular target date. They are often...
Tax Exempt
What is tax exempt status
Tax-exempt status is a designation given by the Internal Revenue Service (IRS) to organizations that meet certain criteria. To be...
Tap Issue
What is a 'Tap Issue' A tap issue is a procedure that allows borrowers to sell bonds or other short-term debt instruments...