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Super Finance Glossary

Over 10,000 financial glossary terms...

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Browsing by the letter "S"

Displaying next 480 results of 891
Split Offering
Definition: A municipal bond issue that is made up of serial bonds and term maturity bonds.
Split Order
Definition: A large securities transaction that is divided into smaller orders that are spread out over some period of time to avoid large fluctuations in the market price.
Split Print
Definition: Block trade printed at two different prices. Often used in dividend rolls to get an average price equal to the dividend.
Split Rating
Definition: Two different ratings given to the same security by two important rating agencies.
Split Stock
Definition: (1) Purchases or sales shared with others. (2) Division of the outstanding shares of a corporation into a large number of shares. Ordinarily, splits must be proposed by directors and approved by shareholders.
Split-coupon Bond
Definition: A bond that begins as a zero-coupon bond paying no interest and converts to an interest paying bond on a future date.
Split-fee Option
Definition: An option on an option. The buyer generally executes the split fee with first an initial fee, with a window period at the end of which (upon payment of a second fee) the original terms of the option may be extended to a later predetermined final notification date.
Split-rate Tax System
Definition: A tax system that taxes retained earnings at a higher rate than earnings that are distributed as dividends.
Spoken For
Definition: Amount of opposite demand (placement) or supply (availability) the trader has in efforts to cross the stock. Not open.
Sponsor
Definition: An underwriting investment company that offers shares in its mutual funds, or an influential institution that highly values a particular security and thus creates additional demand for the security. In the context of project financing, a developer of the project or a party poviding financial support.
Spontaneous Current Liabilities
Definition: Short-term obligations that automatically increase and decrease in response to financing needs, such as accounts payable.
Spontaneous Liabilities
Definition: Obligations that arise automatically in the course of operating a business when a firm buys goods and services on credit.
Spot
Definition: Market of immediate delivery of and payment for the product.
Spot Commodity
Definition: A commodity that is traded with the expectation of actual delivery, as opposed to a commodity future that is usually not delivered.
Spot Exchange Rates
Definition: Exchange rate on currency for immediate delivery. Related: Forward exchange rate.
Spot Futures Parity Theorem
Definition: Describes the theoretically correct relationship between spot and futures prices. Violation of the parity relationship gives rise to arbitrage opportunities.
Spot Interest Rate
Definition: Interest rate fixed today on a loan that is made today. Related: Forward interest rates.
Spot Lending
Definition: Originating mortgages by processing applications taken directly from prospective borrowers.
Spot Month
Definition: The nearest delivery month on a futures contract.
Spot Price
Definition: The current market price of the actual physical commodity. Also called cash price. Current delivery price of a commodity traded in the spot market, in which goods are sold for cash and delivered immediately. Antithesis of futures price.
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