Tag: glossary
Same-Day Substitution
What is 'Same-Day Substitution' An offsetting change in a margin account, made over the trading day, that results in no overall change...
Salad Oil Scandal
DefinitionThe Salad Oil Scandal, also referred to as the "Soybean Scandal", was a major corporate scandal in 1963 that ultimately caused over $150 million...
Backflip Takeover
What is 'Backflip Takeover' An uncommon type of takeover in which the acquirer becomes a subsidiary of the acquired or targeted company,...
Canary Call
What is 'Canary Call' A step-up bond that cannot be called after completing its first-step period. The issuer of the bond reserves...
Quarterly Income Preferred Securities (QUIPS)
What is 'Quarterly Income Preferred Securities - QUIPS' Shares that are an interest in a limited partnership that exists solely for the...
Variable Rate Demand Note (VRDN)
What is 'Variable Rate Demand Note - VRDN' A debt instrument that represents borrowed funds that are payable on demand and accrue...
Federal Direct Student Loan Program (FDSLP)
What is 'Federal Direct Loan Program ' A program that provides low-interest loans to postsecondary students and their parents. The William D....
Facilitating Payment
DefinitionA facilitating payment is a certain type of payment to foreign officials that is not considered to be bribery according to legislations of some...
War Exclusion Clause
What is 'War Exclusion Clause' A clause in an insurance policy that specifically excludes coverage for acts of war such as invasion,...
Wallpaper
What is 'Wallpaper' The name given to stocks, bonds and other securities that have become worthless. Explaining 'Wallpaper' The...