TIBOR Definition.

TIBOR stands for Tokyo Interbank Offered Rate. It is the Japanese equivalent of LIBOR, and is the rate at which banks offer to lend money to each other in the Tokyo interbank market. What is 7day libid? The 7day libid is a way to measure the amount of interest that an investor has in a … Read more

Fully Indexed Interest Rate.

The fully indexed interest rate on a variable-rate mortgage is the rate that would apply if the index value were to increase by the maximum amount allowed before the interest rate is adjusted. For example, if the mortgage rate is 6.5% and the maximum index value increase is 2%, the fully indexed rate would be … Read more

Unlevered Beta: Definition, Formula, and Calculation.

. What is Unlevered Beta? The unlevered beta is a measure of a company’s stock volatility that is not influenced by its capital structure. The unlevered beta can be useful for comparing companies with different levels of debt. How do you calculate Unlevered Beta? The unlevered beta can be calculated using the following formula: Unlevered … Read more

Direct Market Access (DMA).

Direct market access (DMA) is a service offered by some brokerages that allows investors to trade directly with market makers or exchanges. DMA can offer a number of advantages, including lower transaction costs, greater transparency, and faster execution. However, it can also be riskier than other types of trading, as it gives investors direct exposure … Read more

What Is Conversion Privilege?

“Conversion privilege” is a feature of some life insurance policies that allows the policyholder to convert the policy to a different type of policy without evidence of insurability. This can be useful if the policyholder’s health has deteriorated since the policy was originally purchased, or if the policyholder’s needs have changed and a different type … Read more

New Issue.

An initial public offering (IPO) is the first sale of shares in a company to the public. A new issue is a security that has been created and sold for the first time. IPOs are typically underwritten by investment banks, who also help determine the offer price. What are the five types of securities? 1. … Read more

Housing Bonds Definition.

Municipal bonds, also called munis, are debt securities issued by states, cities, counties and other government entities to finance public projects such as roads, schools, and bridges. Housing bonds are a type of municipal bond that is used to finance the construction or rehabilitation of housing units for low- and moderate-income families. Housing bonds are … Read more

Promotion Expense.

Promotion expenses are the costs incurred to promote a product or service. This can include advertising, public relations, coupons, samples, and other marketing initiatives. Is sales promotion a direct expense? Sales promotion is a marketing expense incurred to increase consumer demand or stimulate market activity for a product or service. It is often used in … Read more