Economic indicators that follow rather than precede the country's overall pace of economic activity.
Doctrine that a government should not interfere with business and economic affair.
The day on which trading ceases for an expiring contract.
A transaction used to take a public corporation private that is financed through debt such as bank loans and bonds.
The commercial or investment bank with the primary responsibility for organizing syndicated bank credit or bond issue. The lead manager recruits underwriting banks, negotiates terms of the issue with the issuer, and assesses market conditions.
An economic indicator that changes before the economy has changed. Examples of leading indicators include production workweek, building permits, unemployment insurance claims, money supply, inventory changes, and stock prices.
The degree to which an investor or business is utilizing borrowed money.
The London Interbank Bid Rate; the rate charged by one bank to another for deposits.
The London Interbank Offered Rate, the rate charged by one bank to another for lending money.
London International Financial Futures Exchange.
The amount that one bank is prepared to trade with another; or the amount that a dealer is permitted to trade in a given currency.
The maximum price decline permitted in one trading session.
An order to buy or sell a specified amount of a security at a specified price or better.
The maximum price advance permitted in one trading session.
An banking arrangement to lend an investor any amount up to the full amount of the line.
Any transaction that closes out a previously established position.
The ability of an asset to be quickly converted into cash; or a market with a large number of buyers and sellers.
One of the key commercial interest rates in Europe; an interest rate for a loan against the security of pledged paper LONG The state of actually owning a currency, security, or commodity.
The purchase of futures contracts for price protection purposes as a defensive position against an increase in cash prices.