Financial Dictionary

This dictionary contains:
24549
financial terms

Either-or facility




Either-or facility

An agreement permitting a bank customer to borrow either domestic dollars from the bank's head office or Eurodollars from one of its foreign branches.

RELATED TERMS
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Bank
A commercial institution licensed as a receiver of deposits. Banks are mainly concerned with making and receiving payments as well as supplying short-term loans to individuals.

Borrow
Is the term which indicates a credit relationship. In securities it can refer to borrowing funds or borrowing securities.

Foreign
Money that flows offshore and likely never returns. Flight is exacerbated by a lack of confidence as government grows without bounds.



SIMILAR TERMS
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Either or order
Used in the context of general equities.

Either way market
In the interbank Eurodollar deposit market, an either-way market is one in which the bid and offered rates are identical.



PREVIOUS AND NEXT TERMS
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Efficient surface
The set of portfolios that result from investor's preference for higher means, lower variance and higher (positive) skewness. The efficient surface is analogous (in three dimensions, mean, variance and skewness) to the efficient frontier (in two dimensions, mean and variance).

EFTPOS
Acronynm for Electronic Funds Transfer at Point of Sale. Payment is transferred usually from a checking account at the point of sale.

Eighth
Historical term used in the context of general equities. A specialist or another broker is bidding higher or offering lower than we are, often topping or undercutting us by an eighth.

Either or order
Used in the context of general equities.

Either way market
In the interbank Eurodollar deposit market, an either-way market is one in which the bid and offered rates are identical.

Either-or facility

Elasticity of an option
Percentage change in the value of an option given a 1% change in the value of the option's underlying stock.

Elasticity of demand
The degree of buyers' responsiveness to price changes. Elasticity is measured as the percent change in quantity divided by the percent change in price.

Elasticity of supply
The degree of producers' responsiveness to price changes. Elasticity is measured as the percent change in quantity divided by the percent change in price.

Elect
The conversion of a conditional order into a market order.

Election period
The period of time during which the holder can elect to extend and extendible bond, or to retract a retractable bond.

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This dictionary contains 24549 terms.







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