Turnaround
Securities bought and sold for settlement on the same day. Also, when a firm that has been performing poorly changes its financial course and improves its performance.
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Archive for the 'T Glossary' Category
Page 2 of 15
Trust receipt
Receipt for goods that are to be held in trust for the lender.
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Trust deed
Agreement between trustee and borrower setting out terms of bond.
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True lease
A contract that qualifies as a valid lease agreement under the Internal Revenue code.
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True interest cost
For a security such as commercial paper that is sold on a discount basis, the coupon rate required to provide an identical return assuming a coupon-bearing instrument of like maturity that pays interest in arrears.
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Triple witching hour
The four times a year that the S&P futures contract expires at the same time as the S&P 100 index option contract and option contracts on individual stocks.
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Triangular arbitrage
Striking offsetting deals among three markets simultaneously to obtain an arbitrage profit.
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Treynor Index
A measure of the excess return per unit of risk, where excess return is defined as the difference between the portfolio’s return and the risk-free rate of return over the same evaluation period and where the unit of risk is the portfolio’s beta.
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