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Z- Z bond
- Also known as an accrual
bond or accretion bond; a bond
on which interest
accretes
interest but is not paid currently to the i
nvestor but rather is accrued, with accrual added to
the
principal balance of the Z and becoming payable upon
satisfaction
of all prior bond classes.
- Zero-balance
account (ZBA)
- A
checking account in which zero balance is maintained
by transfers of funds from a master account in an amount
only
large enough to cover checks presented.
- Zero-beta
portfolio
- A portfolio
constructed
to represent the risk-free asset, that is, having a
beta of zero.
- Zero-coupon bond
- A
bond
in which no
periodic coupon
is paid
over the life of the contract.
Instead, both the principal and the interest
are paid at the maturity
date.
- Zero-investment
portfolio
- A portfolio
of zero net
value established by buying and shorting component
securities, usually
in the context of an arbitrage
strategy.
- Zero-one
integer programming
- An
analytical method that can be used to determine the
solution to a capital
rationing problem.
- Zero
prepayment assumption
- The
assumption of payment of scheduled
principal
and
interest with no payments.
- Zero-sum game
- A
type of game wherein one player can gain only at the
expense of another player.
- Zero
uptick
- Related: tick-test
rules.
- Z score
- Statistical
measure that quantifies the distance
(measured in standard
deviations)
a data point is from the mean of a data set.
Separately, z score is the output from a credit-strength
test
that gauges the likelihood of bankruptcy.
Glossary
created by Campbell R. Harvey,
Professor of
Finance, Fuqua School of Business at Duke
University
Copyright © 1997-1999 Yahoo! All Rights Reserved.
Data
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