Either-Or Facility: Used in the context of general equities. A specialist or another broker is bidding higher or offering lower than we are, often topping or undercutting us by an eighth.

 

Related Words

Either-Or Facility: Used in the context of general equities. A specialist or another broker is bidding higher or offering lower than we are, often topping or undercutting us by an eighth.

Residential Care Facility: A structured 24-hour care facility with staff that provide psychological services to help severely troubled children overcome behavioral, emotional, mental or psychological problems that adv . . . View Full Definition

Radar Approach Control Facility (RAPCON): A terminal ATC facility that uses radar and non-radar capabilities to provide approach control services to aircraft arriving, departing, or transiting airspace controlled by the facility. Th . . . View Full Definition

Search Facility: Allows you find email messages in your folders based on certain criteria that you specify - very useful if you have a lot of messages stored in a large number of folders.

Skilled Nursing Facility (SNF): A licensed facility that provides nursing care and related services for patients who do not require hospitalization in an acute care setting.

Swingline Facility: A feature of a security that makes it more attractive to potential purchasers.

Passenger Facility Charge (Pfc): An airport tax that is authorized by the us congress for upgrading and expanding local airport facilities charged per customer. Currently the tax must be between $3 and $12 on any single transaction.

Note Issuance Facility (NIF): An agreement by which a syndicate of banks indicates a willingness to accept short-term notes from borrowers and resell these notes in the Eurocurrency markets.

Extended Care Facility (ECF): A medical care institution for patients who require long-term custodial or medical care, especially for chronic disease or a condition requiring prolonged rehabilitation therapy.

International Banking Facility (IBF): A branch that an American bank establishes in the United States to do Eurocurrency business.