Options backdating is a practice of giving the option the price dated prior to the actual date of the issuance of the option. This way the price can be lower than the actual price of the option.

 

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Inelastic is a term that is used to describe a constant demand for service of goods. That means that when the price for a service or goods goes up the demand stays the same, just like when the price for them goes down.

 

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Par value is a value for the bond or for the stock beyond which a bond or a security in general can be deemed mature. For corporate-issued securities this is a price of $1000 and higher. For government bonds the amount has to be bigger. Securities can be traded both above and beyond par value.

 

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Cambist is a person who has broad set of knowledge in currency exchange rates. It can also refer to a manual with exchange rates. Such manuals deem to be outdated sue to a variety of computer programs and lists.

 

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