Green
Green is a mortgage backed securities term which indicates mortgages which are not seasoned yet. Typically, a mortgage that is less than 30 months old is considered green. |
Similar financial terms
GreenmailSituation in which a large block of stock is held by an unfriendly company, forcing the target company to repurchase the stock at a substantial premium to prevent a takeover.
Green economics
The study of environmental issues including the depletion of non renewable resources.
Green Shoe
Refers to an underwriting allotment which is in excess of the the first stipulated share amount. Depending on demand and/or market stabilizing functions, an underwriter can exercise this option for additional shares. Many new deals now have this option included. Usually, the green shoe is limited to an additional 15 percent of new shares. It was named after the company for which it was the focus of the deal.
