Tag: issues
General Obligation Bond (GO)
What is a 'General Obligation Bond - GO' A general obligation bond (GO) is a municipal bond backed by the credit and...
Warehouse Receipt
DefinitionA warehouse receipt is a document that provides proof of ownership of commodities that are stored in a warehouse, vault, or depository for safekeeping....
Tax Drag
What is 'Tax Drag' The reduction of potential income due to taxes. Drag describes the loss in returns owing to taxation, usually...
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...
Dealer Market
What is a 'Dealer Market' A financial market mechanism wherein multiple dealers post prices at which they will buy or sell a...
Dollar Cost Averaging
DefinitionDollar cost averaging is an investment strategy with the goal of reducing the impact of volatility on large purchases of financial assets such as...
Day Rate
What is 'Day Rate' The price/cost of a particular service for a day's period. In some markets it is referred to as...
Underwater Mortgage
Home Ownership by Country Underwater Mortgage Underwater mortgage is a mortgage loan whose balance is higher than the fair market value of the home....
Undated Issue
What is 'Undated Issue' A government bond that has no maturity date, and pays interest in perpetuity. While the government can redeem...
Underpricing
When a company offers its stock to the public for the first time, it's called an initial public offering, or IPO. IPOs can be...