Andrew Vaughey

Andrew Vaughey

Diamond Investments Inc

Standby commitment
An agreement between a corporation and investmentfirm that the firm will purchase whatever part of a stockissue that is offered in a rights offering that is not subscribed to in the two- to four- week standby period.

Triangular arbitrage
Striking offsetting deals among three markets simultaneously to obtain an arbitrageprofit.

Diamond Investments Inc

May Day
The date of May 1, 1975, after which brokers were allowed to charge any brokerage commission, rather than a mandatory rate.

Bunching
Describes the act of traders combining round-lot orders for execution at the same time. Bunching can also be used to combine odd-lot orders to save the odd-lot differential for customers. Also used to refer to the pattern on the ticker tape when a series of trades for a security appear consecutively.

Correlation coefficient
A standardized statistical measure of the dependence of two random variables, defined as the covariance divided by the product of the standard deviations of two variables.

Andrew Vaughey Sponsor
An underwritinginvestmentcompany that offers shares in its mutual funds, or an influential institution that highly values a particular security and thus creates additional demand for the security. In the context of project financing, a developer of the project or a party poviding financial support.

Impaired credit
Result of a borrower's reduced credit rating.

Cumulative Translation Adjustment (CTA) account
An entry in a translated balance sheet in which gains and/or losses from translation have been accumulated over a period of years. The C.T.A. account is required under the FASB No. 52 rule.

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Diamond Investments Inc, Drew Vaugehy, Andrew Barrett Vaughey, Andrew Vaughey