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An operation in a foreign country incorporated in the home country.
Breadth of the market
Used in the context of general equities. Percentage of stocks participating in a particular market move.
Technical analysts say there was significant breadth if 2/3 of the stocks listed on an exchange moved in the
same direction during a trading session. See: A/D line.
Break
A rapid and sharp price decline. Related: Crash
Break-even analysis
An analysis of the level of sales at which a project would make zero profit.
Break-even lease payment
The lease payment at which a party to a prospective lease is indifferent between entering and not entering
into the lease arrangement.
Break-even payment rate
The prepayment rate of an MBS coupon that will produce the same CFY as that of a predetermined
benchmark MBS coupon. Used to identify for coupons higher than the benchmark coupon the prepayment
rate that will produce the same CFY as that of the benchmark coupon; and for coupons lower than the
benchmark coupon the lowest prepayment rate that will do so.
Break-even tax rate
The tax rate at which a party to a prospective transaction is indifferent between entering into and not
entering into the transaction.
Break-even time
Related: Premium payback period.
Breakout
A rise in a securitys price above a resistance level (commonly its previous high price) or drop below a level
of support (commonly the former lowest price.) A breakout is taken to signify a continuing move in the same
direction. Can be used by technical analysts as a buy or sell indicator.
Break price
Used in the context of general equities. Change ones offering or bid prices to move to a more realistic, tight
level where execution is more feasible. Often done to trim ones position, thus breaking price from where the
trades occurred (if long, break price downward 1/8 a point or more).
Breeden, Douglas T
Inventor of one of the foundational asset pricing models in finance, the consumption based capital asset
pricing model. Duke University professor and Chairman of Smith Breeden Associates.
Bretton Woods Agreement
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