Under the efficient-frontier framework, the assumption that investors are risk-averse, i.e., they prefer returns and distaste risks. In other words,...

The ratio of the risk associated with a portfolio construction to the gross risk: A portfolio’s construction risk refers to...

A portfolio whose investments are transacted at benchmark prices. It is constructed on the assumption that trades would be costless,...

An individual number that is used as a fixed-income portfolio's target performance or desired result. Most often, bogey refers to...

Shares of stock that the holder could trade on an exchange without restrictions. In other words, free-trading shares are shares...

A prospectus that is issued in a written, electronic, or graphic format describing the issuing company or its securities. It...

A situation that arises when a company invests (in fixed assets) less than it needs to compensate for depreciated assets....

A type of synergies that results from lowering the cost of capital by combining two or more companies. A company,...

A large issuer (smaller than a well-known seasoned issuer, WKSI) that must have met a number of requirements in terms...

British English for initial public offering (IPO); a process by which a company's security is offered for sale (floated in...