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Super Finance Glossary

Over 10,000 financial glossary terms...

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Browsing by the letter "S"

Displaying next 660 results of 891
Strategic Alliance
Definition: Collaboration between two or more companies designed to achieve some corporate objective. May include international licensing agreements, management contracts, or joint ventures.
Strategic Buyout
Definition: Acquisition of another firm in order to realize some operational benefits which will result in increased earnings.
Strategy
Definition: The general or specific approach to investing that an individual, institution, or fund manager employs.
Stratified Equity Indexing
Definition: A method of constructing a replicating portfolio that classifies the stocks in the index into strata, and represents each stratum in the portfolio.
Stratified Sampling Approach To Indexing
Definition: Dividing an index into cells, each representing a different characteristic of the index, such as duration or maturity.
Stratified Sampling Bond Indexing
Definition: A method of bond indexing that divides the index into cells, each cell representing a different characteristic, and that buys bonds to match those characteristics.
Strawman
Definition: The person whose trust receives another grantor's assets to be passed through the original trust to a second, or possibly more, trusts for the purpose of disguising the true identity/ownership of the assets.
Stray
Definition: (1) Not a member of the participating party in the trade at hand; (2) not a meaningful indication of a customer's desire to take a sizable position or be involved in a stock.
Street
Definition: Means Wall Street financial community; brokers, dealers, underwriters, and other knowledgeable participants.
Street Book
Definition: A daily record kept by Futures Commission Merchants and clearing members showing details of each futures and option transaction, including date, price, quantity, market, commodity, future, strike price, option type, and the person for whom the trade was made.
Street Name
Definition: Registration under which securities maybe held by a broker on behalf of a client but be registered in the name of the Wall Street firm.
Strike Index
Definition: For a stock index option, the index value at which the buyer of the option can buy or sell the underlying stock index. The strike index is converted to a dollar value by multiplying by the option's contract multiple. Related: Strike price.
Strike Price
Definition: The stated price per share for which underlying stock may be purchased (in the case of a call) or sold (in the case of a put) by the option holder upon exercise of the option contract.
Strike Price (Exercise Price)
Definition: The price, specified in the option contract, at which the underlying futures contract, security, or commodity will move from seller to buyer.
Striking Price
Definition: The price at which an option can be exercised. See: Exercise price.
Striking Price Intercal
Definition: The distance between striking prices on a particular underlying security. Normally, the interval is 2-1/2 points for stocks under $25, 5 points for stocks selling over $25 per share, and 10 points (or greater) is acceptable for stocks over $200 per share. There are, however, exceptions to this general guideline.
Strip
Definition: Variant of a straddle. A strip is two puts and one call on a stock. A strap is two calls and one put on a stock. The puts and calls have the same strike price and expiration date. See: Strap.
Strip Mortgage Participation Certificate (strip PC)
Definition: Ownership interests in specified mortgages purchased by Freddie Mac from a single seller in exchange for separate instruments representing interests in the same mortgages.
Stripped Bond
Definition: Bond that can be subdivided into a series of zero-coupon bonds.
Stripped Mortgage-backed Securities (SMBS)
Definition: Securities that redistribute the cash flows from the underlying generic MBS collateral into the principal and interest components of the MBS to enhance their attractiveness to different groups of investors.
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