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A
B
C
D
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F
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I
J
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Z
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- Z
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Fifth letter of a
NASDAQ stock symbol specifying that it is a fifth class of preferred stock, a stub, a certificate representing a limited partnership interest, foriegn preferred when issued, or a second class of warrants.
- Z.B.A.
- See:
Zero balance account
- Zabara
- Mainly applies to international equities. Japanese securities transactions conducted on the principal of
auction, i.e., (1) price
priority in that the selling (buying)
order with the lowest (highest) price takes precedence over other orders, and (2) time priority in that an earlier order takes precedence over other orders at the same price.
- Z bond
- Also known as an
accrual bond or accretion bond; a
bond on which
interest accrues interest but is not paid currently to the
investor but rather is accrued, with accrual added to the principal balance of the Z and becoming payable upon satisfaction of all prior bond
classes.
- Zero-balance account (Z.B.A.)
- A checking account in which zero balance is maintained by transfers of funds from a master account in an amount only large enough to cover checks presented.
- Zero-beta portfolio
- A
portfolio constructed to have zero systematic risk, similar to the
risk-free asset, that is, having a
beta of zero.
- Zero-coupon bond
- A
bond in which no periodic
coupon is paid over the life of the
contract. Instead, both the
principal and the
interest are paid at the
maturity date.
- Zero-investment portfolio
- A
portfolio of zero net value established by
buying and
shorting component
securities, usually in the context of an
arbitrage strategy.
- Zero-minus tick
- Used in the context of general equities. Sale that takes place at the same price as the previous sale, but at a lower price than the last different price. Antithesis of
zero-plus tick.
-
Zero-one integer programming
- An analytical method that can be used to determine the solution to a
capital rationing problem.
- Zero prepayment assumption
- The assumption of payment of scheduled
principal and
interest with no payments.
- Zero-plus tick
- Used for listed equity securities. Transaction at the same price as the preceding
trade, but higher than the preceding trade at a different price. Antithesis of
zero-minus tick. See:
short sale.
- Zero-sum game
- A type of game wherein one player can gain only at the expense of another player.
- Zero uptick
- Related:
tick-test rules.
- Z score
- Statistical measure that quantifies the distance (measured in
standard deviations) a data point is from the
mean of a data set. Separately, Z score is the output from a credit-strength test that gauges the likelihood of
bankruptcy.
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