February 2003
Beginner
208 pages
4h 55m
English
Content preview from Understanding the Markets
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Day count fraction The proportion of a year by which an interest
rate is multiplied in order to calculate the amount accrued or
payable.
Dealer Individual or firm that acts as principal in all transactions,
buying for his own account.
Debenture Another name for a corporate bond – usually secured
on assets of the company.
Default Failure to perform on a futures contract, either cash
settlement or physical settlement.
Deferred share A class of share where the holder is only entitled
to a dividend if the ordinary shareholders have been paid a specified
minimum dividend.
Definitive bond Any bond issued in final form. It is used
particularly in reference to per ...
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