please tell me what the "ultra vires" is
Category: glossary by N. Mccall from Luxembourg, Luxembourg
Actions by a body that fall outside the remit of its charter and might lead to legal action by affected parties.
Will you help a guy who's in need of an online fx platform with suitable support service?
Category: general by I. Pierce from Monte-Carlo, Monaco
We think "ForexWebTrader" is exactly the place for that. The help team in "ForexWebTrader" is fantastic. They're completely friendly.
please define a "segment"
Category: glossary by Ruben L. From Canada
the "segment " is A component of a business that is or will generate revenues and costs related to operations. Financial information should be available for a segment's activities and performance and must also be periodically reviewed by the company's management before a decision can be made regarding the amount of capital that will be given to the segment for a particular operating period. For accounting purposes, FASB's SFAS 131 is the definitive source when it comes to accounting practices involving segments. An example of a segment would be XYZ Corp.'s widget division because it generates its own revenue as a result of selling widgets and incurs expenses as a result of the costs involved with producing this product. Keep in mind that not every component of a company constitutes a segment. For example, XYZ Corp.'s marketing division would not be considered a segment because it does not perform operations that directly earn revenue.
please tell me what the "crossover refunded" is
Category: glossary by Amelie U. From United Kingdom
The revenue stream pledged to secure "securities being refunded" is being used to payoff debt on the refunded securities until they mature. When they mature or are called, the pledged revenues pay debt service on the refunding securities.
Will you give me a tip for a forex site that's famous for its suitable for novices?
Category: platform by D. Everett from Switzerland
Definitely "Dukascopy". This place has awesome guides for beginners, with great instructions and options. You can totally educate yourself some of them.
please tell me what a "matrix trading" is
Category: glossary by I. U. From Ottawa, Canada
A fixed income trading strategy that looks for discrepancies in the yield curve on which an investor can capitalize by instituting a bond swap. Discrepancies come about when current yields on a particular class of bond (corporate, municipal, etc.) don't match up with the rest of the yield curve or its historical norms. An investor performing a matrix trade could be looking to profit purely as an arbitrageur (by waiting for the market to "correct" a yield spread discrepancy), or by trading up for free yield, for example by swapping debt with similar risks but different risk premiums. Yield curves can be thrown off historical patterns for any number of reasons, but most of those reasons will have a common source - uncertainty about the future of financial markets. Individual classes of bonds may also be inefficiently priced for a period of time, such as a high-profile corporate default that sends shock waves through corporate debt with similar ratings.
do you know what the "line of credit" is?
Category: glossary by V. X. From Dublin, Ireland
the "line of credit " is An arrangement between a financial institution, usually a bank, and a customer that establishes a maximum loan balance that the bank will permit the borrower to maintain. The borrower can draw down on the line of credit at any time, as long as he or she does not exceed the maximum set in the agreement. The advantage of a line of credit over a regular loan is that interest is not usually charged on the part of the line of credit that is unused, and the borrower can draw on the line of credit at any time that he or she needs to. Depending on the agreement with the financial institution, the line of credit may be classified as a demand loan, which means that any outstanding balance will have to be paid immediately at the financial institution's request.
do you know what "narrow-based weighted average" is?
Category: glossary by M. Scott from Cambridge, United Kingdom
a "narrow-based weighted average " is An anti-dilution provision used to ensure that investors are not penalized when companies are undergoing additional financing or issuing new shares. A narrow-based weighted average takes into account only the total number of outstanding preferred shares for determining the new weighted average price for the old shares. The new weighted average price is adjusted for the preferred shareholder, thus providing protection against dilution. The narrow-based method is the most favorable for investors, as it lowers the price of the preferred shares more than other methods.
please tell me what an "international association of financial engineers" is
Category: glossary by D. P. From United States
the "international association of financial engineers " is An organization comprised of scholars and specialists from various areas of financial concern. The IAFE allows professionals within various areas of finance to converge and share their knowledge with one another. It serves to improve one's skills within finance and provides rewards for individuals with innovative ideas.
do you know what "asset coverage ratio" is?
Category: glossary by P. Y. From Rotherrham, United Kingdom
A test that determines a company's ability to cover debt obligations with its assets after all liabilities have been satisfied. It is calculated as the following: When calculating the asset coverage ratio, investors should exercise caution with respect to asset value. Using the book value of assets may result in an inaccurate asset coverage ratio if the actual liquidation value of assets is significantly less. As a rule of thumb, utilities should have an asset coverage ratio of at least 1.5, and industrial companies should have a ratio of at least 2.