tailieunhanh - Dictionary of Finantial and Business Terms part 10

Medium-term note A corporate debt instrument that is continuously offered to investors over a period of time by an agent of the issuer. Investors can select from the following maturity bands: 9 months to 1 year, more than 1 year to 18 months, more than 18 months to 2 years, etc., up to 30 years. Membership or a seat on the exchange A limited number of exchange positions that enable the holder to trade for the holder's own accounts and charge clients for the execution of trades for their accounts. Merchandise All movable goods such as cars, textiles, appliances, etc | 91 Dictionary of Finantial and Business Terms Lico Reis - Consultoria L nguas licoreis@ Medium-term note A corporate debt instrument that is continuously offered to investors over a period of time by an agent of the issuer. Investors can select from the following maturity bands 9 months to 1 year more than 1 year to 18 months more than 18 months to 2 years etc. up to 30 years. Membership or a seat on the exchange A limited number of exchange positions that enable the holder to trade for the holder s own accounts and charge clients for the execution of trades for their accounts. Merchandise All movable goods such as cars textiles appliances etc. and . means free on board. Merchant bank A British term for a bank that specializes not in lending out its own funds but in providing various financial services such as accepting bills arising out of trade underwriting new issues and providing advice on acquisitions mergers foreign exchange portfolio management etc. Merger 1 Acquisition in which all assets and liabilities are absorbed by the buyer. 2 More generally any combination of two companies. Mimic An imitation that sends a false signal. Minimum price fluctuation Smallest increment of price movement possible in trading a given contract. Also called point or tick. The zero-beta portfolio with the least risk. Minimum purchases For mutual funds the amount required to open a new account Minimum Initial Purchase or to deposit into an existing account Minimum Additional Purchase . These minimums may be lowered for buyers participating in an automatic purchase plan Minimum-variance frontier Graph of the lowest possible portfolio variance that is attainable for a given portfolio expected return. Minimum-variance portfolio The portfolio of risky assets with lowest variance. Minority interest An outside ownership interest in a subsidiary that is consolidated with the parent for financial reporting purposes. Mismatch bond Floating rate note whose interest rate is