Tag: policy

What is 'Call Risk' The risk, faced by a holder of a callable bond, that a bond issuer will take advantage of...

What is a 'Call Warrant' A call warrant is a financial instrument that gives the holder the right to buy the underlying...

What is 'Cancellation' A cancellation is a notice made by a broker, to his client, informing him an erroneous trade was made and is being...

DefinitionA payday loan is a small, short-term unsecured loan, "regardless of whether repayment of loans is linked to a borrower's payday." The loans are...

What is 'Paper Dealer' A market maker that buys and sells extremely short-term corporate bonds called commercial paper. A paper dealer is...

What is 'Pass-Through Security' A pass-through security is a pool of fixed-income securities backed by a package of assets. A servicing intermediary...

DefinitionA party wall is a dividing partition between two adjoining buildings that is shared by the occupants of each residence or business. Typically, the...

DefinitionA capital gains tax is a tax on capital gains, the profit realized on the sale of a non-inventory asset that was greater than...

What is a 'Paradigm Shift' A paradigm shift is a major change in how some process is accomplished. A paradigm shift can...

DefinitionA with-profits policy or participating policy is an insurance contract that participates in the profits of a life insurance company. The company is often...