Old Lady of Threadneedle Street
The traditional jargon for the Bank of England, located in Threadneedle street, London. |
Similar financial terms
BlockholderThe holder of a significant stake of a the ownership shares.
Withholding tax
The tax payable on payments such as dividends, interest, and debt repayments which are sent to foreign entities. Hence, a tax levied by the country of source on income paid.
Feuhold
The Scottish word for freehold
Golden cross
In technical analysis, what happens when the short moving average price of a stock (say, its 20-day moving average) cuts above a longer moving average (say, its 50-day average).
For chartists, this cross is a sign that the market mood has turned decidedly in favour of the stock, especially if up to that point two moving averages have been moving roughly in parallel.
Annualized holding period return
The annual rate of return that when compounded t times, would have given the same t-period holding return as actually occurred from period 1 to period t.
Threshold for refinancing
The point when the WAC of an MBS is at a level to induce homeowners to prepay the mortgage in order to refinance to a lower-rate mortgage, generally reached when the WAC of the MBS is 2% or more above currently available mortgage rates.
T-period holding-period return
The percentage return over the T-year period an investment lasts.
Stockholder's equity
The residual claims that stockholders have against a firm's assets, calculated by subtracting total liabilities from total assets.
Stockholder's books
Set of books kept by firm management for its annual report that follows Financial Accounting Standards Board rules. The tax books follow IRS tax rules.
Stockholder
Holder of equity shares in a firm.
Stockholder equity
Balance sheet item that includes the book value of ownership in the corporation. It includes capital stock, paid in surplus, and retained earnings.
Stakeholders
All parties that have an interest, financial or otherwise, in a firm - stockholders, creditors, bondholders, employees, customers, management, the community, and the government.
Shareholders' letter
A section of an annual report where one can find jargon-free discussions by management of successful and failed strategies which provides guidance for the probing of the rest of the report.
Shareholders' equity
This is a company's total assets minus total liabilities. A company's net worth is the same thing. Also referred to as ownership interest in the UK.
Presold issue
An issue that is sold out before the coupon announcement.
Overbought\oversold indicator
An indicator that attempts to define when prices have moved too far and too fast in either direction and thus are vulnerable to reaction.
Old-line factoring
Factoring arrangement that provides collection, insurance, and finance for accounts receivable.
Monetary gold
Gold held by governmental authorities as a financial asset.
Goldbrick Shares
A stock with only the surface appearance of quality and worth, that is in fact worth very little.
Buy-and-hold strategy
A passive investment strategy with no active buying and selling of stocks from the time the portfolio is created until the end of the investment horizon.
Conflict between bondholders and stockholders
These two groups may have interests in a corporation that conflict. Sources of conflict include dividends, distortion of investment, and underinvestment. Protective covenants work to resolve these conflicts.
Cross holdings
One corporation holds shares in another firm.
Cold-calling
Calling potential new customers in the hope of selling stocks, bonds or other financial products and receiving commissions.
Golden hello
A bonus paid by a securities firm to attract an employee from a competing firm.
Gold metal
The Bank of England is perhaps best known for storing gold. The standard weight of a bar is around 12.5 kilos (27-28 pounds). The purity of a bar of gold is measured by its assay. An assay of 1000 means it is completely pure. To be in the vaults a bar has to have an assay of more than 995 (995 parts per 1000 gold).
Household income
The total level of income earned by all the households in the economy. This will be a significant part of the overall level of National Income.
London Gold Market
Refers to the five dealers who set (fix) the gold price in London: Mocatta & Goldsmid, N. Rothschild & Sons, Johnson Matthey, Sharps Pixley, and Samuel Montagu & Co.
Oversold
A technical opinion that the market price has declined too steeply and too fast in relation to underlying fundamental factors. Rank and file traders who were bearish and short have turned bullish.
Wall Street
Generic term for firms that buy, sell, and underwrite securities.
Street name
Describes securities held by a broker on behalf of a client but registered in the name of the Wall Street firm.
Street
Brokers, dealers, underwriters, and other knowledgeable members of the financial community; from Wall Street financial community.
