• If 70 were bid in the market and there was no offer, the quote would be "70 bid without." The expression without indicates a one-way market.
• If 70 were bid in the market and there was no offer, the quote would be 70 bid without. The expression without indicates a one-way market.
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| ||Arbitrage: The simultaneous buying and selling of a security at two different prices in two different markets, resulting in profits Without risk. Perfectly efficient markets present no arbitrage opportunities. Perfectly efficient markets seldom exist.Strictly defined, buying something where it is cheap and selling it where it is dear; for example, a bank buys 3-month CD money in the U.S. market and sells 3-month money at a higher rate in the Eurodollar market. In the money market, often refers: (1) to a situation in which a trader buys one security and sells a similar security in the expectation that the spread in yields between the two instruments will narrow or widen to his profit, (2) to a swap between two similar issues based on an anticipated change in yield spreads, and (3) to situations where a higher return (or lower cost) can be achieved in the money market for one currency by utilizing another currency and swapping it on a fully hedged basis through the foreign-exchange market.Is a form of trading which attempts to profit by discrepancies in price due to location, funding, volatility, communications, response to information, or other differences. Typically, the price differences are small and only the quickest, most cost efficient or funding efficient parties participate. Compare with Risk Arbitrage.|
| ||Authorized shares: Are the number of shares that a corporation may issue. They represent the maximum shares that can be outstanding. See Issued Shares and Treasury Stock for related terms.Number of shares authorized for issuance by a firm's corporate charter.The number of shares of common stock that a firm's corporate charter allows Without further shareholder approval.|
| ||Balloon maturity: Any large principal payment due at maturity for a bond or loan with or Without a a sinking fund requirement.|
| ||Basic earnings per share: Basic EPS. Earnings per share (EPS) calculated Without regard to any contingent securities.There are two kinds of Earning per Share (EPS): basic and diluted. Basic shares are fewer in number than diluted. For Basic EPS, net income is divided by the number of common shares outstanding. This usually produces a larger EPS number than when using a diluted number of shares. Be consistent in the kind of EPS you use. See also: Diluted Earnings Per Share.|
| ||Book transfer: Is the conveyance or change in ownership Without a physical delivery.|
| ||Related Terms|
| ||Without recourse|
Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...
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