Tag: london
Safekeeping Certificate
What is 'Safekeeping Certificate' A document that represents ownership of a security or certificate of deposit. Safekeeping certificates are the investor's claim...
Salomon Brothers
DefinitionSalomon Brothers was an investment bank founded in 1910 by three Jewish-American brothers along with a clerk named Ben Levy, it remained a partnership...
Sale Of Crown Jewels
What is 'Sale Of Crown Jewels '
A takeover-defense tactic that involves the sale of the target company's prized and most coveted assets - the...
Baltic Dry Index
DefinitionThe Baltic Dry Index, is issued daily by the London-based Baltic Exchange. The BDI is a composite of the Capesize, Panamax and Supramax Timecharter...
Back Fee
What is 'Back Fee' A payment made to the writer of a compound option in the case that the call option is...
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...
Private Equity
DefinitionPrivate equity typically refers to investment funds organized as limited partnerships that are not publicly traded and whose investors are typically large institutional investors,...
Paris Club
DefinitionThe Paris Club is a group of officials from major creditor countries whose role is to find coordinated and sustainable solutions to the payment...
Fat Cat
What is 'Fat Cat' A slang word used to describe executives who earn what many believe to be unreasonably high salaries and...
Gatekeeper
What is 'Gatekeeper' Requirements that must be met before an individual can qualify for a long-term care plan. A person must qualify...