Super Finance Glossary

Finance

Over 10,000 financial glossary terms...

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Browsing by the letter "T"

Displaying next 60 results of 490
Tape Is Late
Definition: When the trading volume is so heavy that trades appear on the tape more than a minute behind the timer they actually take place.
Tare Weight
Definition: The weight of an empty container and any packaging materials used in the container.
Target Cash Balance
Definition: Optimal amount of cash for a firm to hold, considering the trade-off between the opportunity costs of holding too much cash and the trading costs of holding too little cash.
Target Company
Definition: Often used in risk arbitrage. Firm chosen as an attractive takeover candidate by a potential acquirer. The acquirer may buy up to 5% of the target's stock without public disclosure, but it must report all transactions and supply other information to the SEC, the exchange the target company is listed on, and the target company itself once the 5% threshold is hit. See: Raider.
Target Firm
Definition: A firm that is the object of a takeover by another firm.
Target Investment Mix
Definition: The percentage mix of stocks, bonds, and short-term reserves that an investor considers appropriate based on his/her personal objectives, time horizon, risk tolerance, and financial resources.
Target Leverage Ratio
Definition: The ratio of the market value of debt to the total market value of the firm that management seeks to maintain.
Target Payout Ratio
Definition: A firm's long-run dividend-to-earnings ratio. The firm's policy is to attempt to pay out a certain percentage of earnings, but it pays a stated dollar dividend and adjusts it to the target as base line increases in earnings occur.
Target Price
Definition: In the context of takeovers, the price at which an acquirer aims to buy a target firm.
Target Zone Arrangement
Definition: A monetary system under which countries pledge to maintain their exchange rates within a specific margin around agreed-upon, fixed central exchange rates.
Target Zones
Definition: Implicit boundaries on exchange rates established by central banks.
Targeted Amortization Class (TAC) Bonds
Definition: Bonds offered as a tranche class of some CMOs, according to a sinking fund schedule. They differ from PAC bonds whose amortization is guaranteed as long as prepayments on the underlying mortgages do not exceed certain limits. A TAC's schedule is met at only one prepayment rate.
Targeted Registered Offerings
Definition: Securities issues sold to "targeted" foreign financial_institutions according to U.S. Securities and Exchange Commission guidelines. These foreign institutions then maintain a secondary market in the foreign market.
Targeted Repurchase
Definition: Buying back of a firm's stock from a potential acquirer, usually at a substantial premium, to forestall a takeover attempt. Related: Greenmail.
Tariff
Definition: A tax on imports or exports.
Tax And Insurance Escrow
Definition: An account required by some mortgage lenders to fund annual property tax assessments and hazard insurance premiums for the mortgaged property.
Tax And Loan Account
Definition: An account at a private bank, held in the name of the district Federal Reserve Bank, which holds operating cash for the business of the US Treasury.
Tax Anticipation Bills (Tabs)
Definition: Special bills that the Treasury occasionally issues that mature on corporate quarterly income tax dates and can be used at face value by corporations to pay their tax liabilities.
Tax Anticipation Notes (Tans)
Definition: Notes issued by states or municipalities to finance current operations in anticipation of future tax receipts.
Tax Arbitrage
Definition: Trading that takes advantage of a difference in tax rates or tax systems as the basis for profit.
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