Targeted Repurchase: Bonds offered as a tranche class of some CMOs, according to a sinking fund schedule. They differ from PAC bonds whose amortization is guaranteed as long as prepayments on the underlying mortgages do not exceed certain limits. A TAC's schedule is met at only one prepayment rate.

 

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Targeted Repurchase: Bonds offered as a tranche class of some CMOs, according to a sinking fund schedule. They differ from PAC bonds whose amortization is guaranteed as long as prepayments on the underlying mort . . . View Full Definition

Targeted Export Assistance Program (TEA): A program authorized by the Food Security Act of 1985 to assist U.S. producer groups in promoting exports of products adversely affected by foreign governments’ unfair trade practices. TEA i . . . View Full Definition

Targeted Marketing: Banners or other promotions aimed, on the basis of demographic analysis, at one specific subsection of the market.

Targeted Mutagenesis: Deliberate change in the genetic structure directed at a specific site on the chromosome. Used in research to determine the targeted region's function.

Targeted Amortization Class (TAC) Bonds: A monetary system under which countries pledge to maintain their exchange rates within a specific margin around agreed-upon, fixed central exchange rates.

Stock Repurchase: A strategy for enhancing a portfolio's return, used when the futures contract is expensive according to its theoretical price. The strategy involves a swap between the futures and a Treasury . . . View Full Definition

Corporate Repurchase: The time that elapses between receipt of payment from a customer and the deposit of the customer's check in the firm's bank account; the time required to process customer payments.

Repurchase Agreement: An agreement with a commitment by the seller (dealer) to buy a security back from the purchaser (customer) at a specified price at a designated future date. Also called a repo, it represents . . . View Full Definition

Repurchase Of Stock: Technique to pay cash to firm's shareholders that provides more preferential tax treatment for shareholders than dividends. Treasury stock is the name given to previously issued stock that h . . . View Full Definition

Share Repurchase: Program by which a corporation buys back its own shares in the open market. It is usually done when shares are undervalued. Since repurchase reduces the number of shares outstanding and thus . . . View Full Definition