Financial terms explained - Mark Berch:
Drop-dead day
The date on which a deadline is final, with no exceptions.
Notification date
The day the option is either exercised or expires. Mark E. Berch
Crowding out
Heavy federal borrowing that drives interest rates up and prevents businesses and consumers from borrowing when they would like to. Mark E. Berch
Reload Stock Option
A replacement stock option granted by some companies to optionees upon a stock swap. The number of reload shares granted is equal to the number of shares delivered to exercise the option plus, in some cases, any shares withheld for tax withholding obligations. The exercise price of the new option is the current market price. The option generally expires on the same date that the original option would have.
Mark Berch:Holding-period return
Rate of return on an investment over a given period.
Utility revenue bond
A municipal bondissued to finance the construction of publicutility services. These bonds are repaid from the operating revenues the project produces after the utility is finished.
Beneath
Used for listed equity securities. 1) Behind; 2) Lower in price.Mark E. Berch
Speculator
One who attempts to anticipate price changes and, through buying and selling contracts, aims to make profits. A speculator does not use the market in connection with the production, processing, marketing, or handling of a product. See: Trader.