Skip to content

Super Finance Glossary

Over 10,000 financial glossary terms...

Browse by Letter: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
 Search Tips
If you want to refine these results, please use the search box.
Hint: Not sure how the word is listed? Just enter the first few letters.

Browsing by the letter "S"

Displaying next 440 results of 891
SPAN® (Standard Portfolio Analysis Of Risk®)
Definition: As developed by the Chicago Mercantile Exchange, the industry standard for calculating performance bond requirements (margins) on the basis of overall portfolio risk. SPAN calculates risk for all enterprise levels on derivative and non-derivative instruments at numerous exchanges and clearing organizations worldwide.
Spark Spread
Definition: The differential between the price of electricity and the price of natural gas or other fuel used to generate electricity, expressed in equivalent units. See Gross Processing Margin.
SPDR
Definition: The Standard and Poor's depositary receipt. This is a tracking stock which trades like an index mutual fund which follows the S&P 500. It trades continuously.
SPDRs
Definition: SPDRs (Spiders) are designed to track the value of the Standard & Poor's 500 Composite Price Index. Stands for Standard & Poor's Depositary Receipt. They trade on the American Stock Exchange under the symbol SPY. SPDRs are similar to closed-end funds but are formally known as, a unit investment trust. One SPDR unit is valued at approximately one-tenth (1/10) of the value of the S&P 500. Dividends are disbursed quarterly, and are based on the accumulated stock dividends held in trust, less any expenses of the trust. See: Mid-cap SPDR.
Special Arbitrage Account
Definition: A margin account with lower cash requirements, reserved for transactions that are hedged by an offsetting position in futures or options.
Special Assessment
Definition: A lien assessed against real property by a public authority to pay costs of public improvements (for example, sewers, street lights) that directly benefit the assessed property.
Special Assessment Bond
Definition: A municipal bond with interest paid by the taxes of the community benefiting from the bond-funded project.
Special Bid
Definition: A method of purchasing a large block of stock on the NYSE by advertising a client's large buy order, and matching it up with a number of other traders' smaller sell orders.
Special Bond Account
Definition: A special broker margin account used only for transactions in US government bonds, municipals, and eligible listed and unlisted non-convertible corporate bonds.
Special Claim On Residual Equity (SCORE)
Definition: A certificate that entitles the owner to the capital appreciation of an underlying security, but not to the dividend income from the security.
Special Dividend
Definition: Also referred to as an extra dividend. Dividend that is unlikely to be repeated.
Special Drawing Rights (SDR)
Definition: A form of international reserve assets, created by the IMF in 1967, whose value is based on a portfolio of widely used currencies.
Special Meeting
Definition: Refers to a meeting of shareholders outside the usual annual general meeting. In the context of corporate governance, some limitations either increase the level of shareholder support required to call a special meeting beyond that specified by state law or eliminate the ability to call one entirely. Such provisions add an extra time delay to many proxy fights, since bidders must wait until the regularly scheduled annual meeting to replace board members or dismantle takeover defenses.
Specialist
Definition: On an exchange, the member firm that is designated as the market maker (or dealer for a listed common stock). Member of a stock exchange who maintains a "fair and orderly market" in one or more securities. Only one specialist can be designated for a given stock, but dealers may be specialists for several stocks. In contrast, there can be multiple market makers in the OTC market. Major functions include executing limit orders on behalf of other exchange members for a portion of the floor broker's commission, and buying or selling for the specialist's own account to counteract temporary imbalances in supply and demand and thus prevent wide swings in stock prices.
Specialist Block Purchase And Sale
Definition: Purchase of a large number of securities by a specialist for himself or to pass on to another floor trader or block buyer.
Specialist Market
Definition: Market in a stock made solely by the specialist, as no public orders, and henceforth no depth, exist in the market.
Specialist System
Definition: A type of trading commonly used for the exchange trading of securities in which one individual or firm acts as a market-maker in a particular security, with the obligation to provide fair and orderly trading in that security by offsetting temporary imbalances in supply and demand by trading for the specialist's own account. See Open Outcry.
Specialist Unit
Definition: A specialist who maintains a stable market by acting as a principal and agent for other brokers in one or many stocks.
Specialist's Book
Definition: Chronological record maintained by a specialist that includes the specialist's own inventory of securities, market orders to sell short, and limit orders and stop orders that other stock exchange members have placed with the specialist.
Previous
Next