An irrevocable letter of credit (ILOC) is an official correspondence from a bank that guarantees payment for goods or services being purchased by the individual or entity, referred to as the applicant, that requests the letter of credit from an issuing bank.
Non-Competitive Tender
A non-competitive tender is a bid made by a small investor to purchase a debt issue that has its price based on the average price of all competitive tenders submitted. It is a method of distribution used primarily by the U.S. Treasury and is one of the two bid processes for buying debt issues. A non-competitive tender is for small investors, while the competitive tender is for large institutional investors. A non-competitive tender is also known as a non-competitive bid.
Swing Trading
Swing trading is a style of trading that attempts to capture gains in a stock (or any financial instrument) over a period of a few days to several weeks. Swing traders primarily use technical analysis to look for trading opportunities. These traders may utilize fundamental analysis in addition to analyzing price trends and patterns.
Non-Competitive Tender
A non-competitive tender is a bid made by a small investor to purchase a debt issue that has its price based on the average price of all competitive tenders submitted. It is a method of distribution used primarily by the U.S. Treasury and is one of the two bid processes for buying debt issues. A non-competitive tender is for small investors, while the competitive tender is for large institutional investors. A non-competitive tender is also known as a non-competitive bid.
Swing Trading
Swing trading is a style of trading that attempts to capture gains in a stock (or any financial instrument) over a period of a few days to several weeks. Swing traders primarily use technical analysis to look for trading opportunities. These traders may utilize fundamental analysis in addition to analyzing price trends and patterns.
Currency Carry Trade
A currency carry trade is a strategy whereby a high-yielding currency funds the trade with a low-yielding currency. A trader using this strategy attempts to capture the difference between the rates, which can often be substantial, depending on the amount of leverage used.
Enhanced oil recovery (EOR), also known as “tertiary recovery,” is a process for extracting oil that has not already been retrieved through the primary or secondary oil recovery techniques.
What Is a Trader?
A trader is an individual who engages in the buying and selling of financial assets in any financial market, either for himself or on behalf of another person or institution. The main difference between a trader and an investor is the duration for which the person holds the asset. Investors tend to have a longer-term time horizon, while traders tend to hold assets for shorter periods of time to capitalize on short-term trends.
A direct participation program (DPP) is a pooled entity that offers investors access to a business venture’s cash flow and tax benefits. Also known as a direct participation plan, DPPs are non-traded pooled investments in real estate or energy-related ventures over an extended time frame.
Non-Marginable Securities
Non-marginable securities are not allowed to be purchased on margin at a particular brokerage, or financial institution, and must be fully funded by the investor’s cash.