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Zero Coupon Bond A bond that pays no interest. The bond is offered for less than its redemption value. For example, a zero coupon bond with a redemption value of $100 might have a purchase price of $90. A B C D E F G H I J K L M N O P Q
Zero Coupon Bond A bond that pays no interest. The bond is offered for less than its redemption value. For example, a zero coupon bond with a redemption value of $100 might have a purchase price of $90. A B C D E F G H I J K L M N O P Q
Yard Slang for a billion. A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Whipsaw Slang for a condition of a highly volatile market where a sharp price movement is quickly followed by a sharp reversal. A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Value Date The date on which counterparts to a financial transaction agree to settle their respective obligations, i.e., exchanging payments. For spot currency transactions, the value date is normally two business days forward.Also known as maturity date. Variation Margin Funds a broker must request from the client to have the required margin deposited. The term
Unrealized Gain/Loss The theoretical gain or loss on Open Positions valued at current market rates, as determined by the broker in its sole discretion. Unrealized Gains’ Losses become Profits/Losses when position is closed. Uptick A new price quote at a price higher than the preceding quote. Uptick Rule In the U.S., a regulation whereby a