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Similar financial terms

Subject to opinion
An auditor's opinion reflecting acceptance of a company's financial statements subject to pervasive uncertainty that cannot be adequately measured, such as information relating to the value of inventories, reserves for losses, or other matters subject to judgment.

Stopping curve refunding rate
A refunding rate that falls on the stopping curve.

Stopping curve
A curve showing the refunding rates for different points in time at which the expected value of refunding immediately equals the expected value of waiting to refund.

Spin-off
A company can create an independent company from an existing part of the company by selling or distributing new shares in the so-called spinoff.

Shopping
Seeking to obtain the best bid or offer available by calling a number of dealers and/or brokers.

Opinion shopping
A practice prohibited by the SEC which involves attempts by a corporation to obtain reporting objectives by following questionable accounting principles with the help of a pliable auditor willing to go along with the desired treatment.

Bootstrapping
In business, bootstrapping refers to the process of financing a business by internally generated cash flow as opposed to "kickstarting" the company with external investment capital. It means keeping salaries and expenses down while generating customer sales to fuel the growth of the venture.

Clean opinion
An auditor's opinion reflecting an unqualified acceptance of a company's financial statements.

Generation-skipping trust
A trust in which a principal amount is placed in a trust on the death of person A and is transferred to A's grandchildren when A's children die. However, the income generated from the trust while the children of person A are alive goes to the children of person A.

Pink Sheets
The daily report which lists interdealer quotes for over-the-counter stocks.

Pin Risk
The uncertainty that an option position may be exercised into the underlying instrument. It is risky because it often refers to markets flirting with the prevailing at-the-money level. At such times, the gamma on a position is very erratic and difficult to hedge. Also, there are doubts about the exercise or assignment process. A trader can experience significant changes in net positions due to option exercises.

Scalping
The practice of trading in and out of the market on very small price fluctuations. A person who engages in this practice is known as a scalper.

Shipping Certificate
A negotiable instrument used by several futures exchanges as the futures delivery instrument for several commodities (e.g., soybean meal, plywood, and white wheat). The shipping certificate is issued by exchange-approved facilities and represents a commitment by the facility to deliver the commodity to the holder of the certificate under the terms specified therein. Unlike an issuer of a warehouse receipt who has physical product in store, the issuer of a shipping certificate may honor its oblig ...

Capping
Effecting commodity or security transactions shortly prior to an option's expiration date depressing or preventing a rise in the price of the commodity or security so that previously written call options will expire worthless and the premium the writer received will be protected.

Pink-collar worker
A pink-collar worker does work traditionally mostly done by women. This includes secretarial work, typing, and work as a telephone operator. The term "pink-collar" is intended to parallel "white-collar" and "blue-collar". Women in 1950s offices usually wore bright shirts and pink was a popular color, thus entering the workforce colorwheel. So-called pink-collar jobs are secondary labour market jobs predominantly filled by women. These are jobs that are low in status and pay, and have limited ...