Related Words

Nominal Exchange Rate: The actual foreign exchange quotation in contrast to the real exchange rate, which has been adjusted for changes in purchasing power.

Outright Rate: Actual forward rate expressed in dollars per currency unit, or vice versa.

Overlay Strategy: A strategy of using futures for asset allocation by pension sponsors to avoid disrupting the activities of money managers.

Pac-Man Strategy: Takeover defense strategy in which the prospective acquiree retaliates against the acquirer's tender offer by launching its own tender offer for the other firm.

Oslo Stock Exchange: An exchange founded in 1819 and trading stocks, bonds, and stock options that is considered the options market of Norway.

Organized Exchange: A securities marketplace where purchasers and sellers regularly gather to trade securities according to the formal rules adopted by the exchange.

Open-Market Rates: Interest rates that are determined in the open market by supply and demand, as opposed to being set by the Federal Reserve Board.

Operating Rate: The percentage of total production capacity of a company, industry, or country that is being used.

Pacific Stock Exchange: Used for listed equity securities. Regional exchange located in Los Angeles and San Francisco; only U.S. exchange open between 4:00 and 4:30.

Paratext: In Gérard Genette's work, Paratext: Thresholds of Interpretation, Genette introduces the idea of 'paratext,' i.e., anything external to the text itself that influences the way we read a tex . . . View Full Definition