see Business cycle.
see Contribution margin.
see Contribution margin.
see GDP.
(finance) in financial jargon, a market with no particular rules that govern trades on that market. For example, the secondary market is called grey when subscribed but not yet issued or as yet unlisted shares are traded. In contrast, the black market involves trading in manifest violation of the law.
(finance) a reserve of securities, usually stock, that the bank syndicate retained to underwrite the issue keeps on hand in the event of exceptional public demand for a public offer of shares or subscription. The economic rationale is to prevent the price of the securities from fluctuating violently during trading sessions after the public offering.
see Superprimary dealer.
see Regulated markets.
(finance) a share that grants its owner – the state or its representative – broader rights (e.g. the power to interfere significantly in management) than those which are normally held by the owners of shares of the same class, even after it loses control of ownership.
see Global bond.
(finance) the global coordinator is the issuer’s principal interlocutor in an operation to collect funds through the issuance of Eurobonds (Euromarket). A coordinator is necessary only when the issue involves such huge amounts that it has to be placed on different continental markets and be denominated in different currencies.
(finance) Bonds placed on a global scale with foreign parties for at least 50% of their par value. The adjective “global” refers to the issue technique, called global issue.
see Claw back.
(economics) acronym for gross domestic product, which is the value of final goods and services, i.e. those not intended to be used in production processes, which are produced in the territory of a country during one year of economic activity. GDP is the principal measure of the economic wealth of a country at a specific time, which normally corresponds with a quarter or a year.