Eurocurrency
Instrument issued outside your country, but denominated in your currency. A Eurodollar is a Certificate of Deposit in U.S. dollars issued in some other country (though mainly traded in London). A Euroyen is a CD issued in yen outside Japan.
Capitalization method
A method of constructing a replicating portfolio in which the manager purchases a number of the most highly capitalized names in the stockindex in proportion to their capitalization.
Sinker
A bond with interest and principal payments coming from the proceeds of a sinking fund.
Mark Berch:Offering scale
The range of prices offered by the underwriter of a serial bondissue with different maturities.
Adjustment bond
A bondissued in exchange for outstanding bonds when a corporation facing bankruptcy is recapitalized.
Flow of funds
In the context of municipal bonds, refers to the statement displaying the priorities by which municipal revenue will be applied to the debt. Mark Berch
Floor picture
Details of the trading crowd for a stock, such as the major players, their sizes, and the outside market +/- an eighth.
