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Used in the context of general equities. High technology industrys demand to supply ratio of orders on a
firms book to number of orders filled. Measures if companies have more orders than they can deliver (>1),
equal amounts (=1), or less (<1). This monthly figure is of major interest to investors/ traders in the high
technology sector.
Book value
A company's book value is its total assets minus intangible assets and liabilities, such as debt. A company's
book value might be more or less than its market value.
Book value per share
The ratio of stockholder equity to the average number of common shares. Book value per share should not
be thought of as an indicator of economic worth, since it reflects accounting valuation (and not necessarily
market valuation).
Bootstrapping
A process of creating a theoretical spot rate curve using one yield projection as the basis for the yield of the
next maturity.
Borrow
To obtain or receive money on loan with the promise or understanding that it will be repaid.
Borrower fallout
In the mortgage pipeline, the risk that prospective borrowers of loans committed to be closed will elect to
withdraw from the contract.
Bottom-up equity management style
A management style that de-emphasizes the significance of economic and market cycles, focusing instead
on the analysis of individual stocks.
Bought deal
security issue where one or two underwriters buy the entire issue.
Bourse
A term of French origin used to refer to stock markets.
Box
Used in the context of general equities. Quotation machine or battery march.
Bracket
A term signifying the extent of an underwriters commitment in a new issue, e.g., major bracket or minor
bracket.
Brady bonds
Bonds issued by emerging countries under a debt reduction plan.
Branch
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