Glossary Term: PRICE
Definition(s) for PRICE:
1. ) refers to the amount paid for a security. The price of a security is usually expressed as a percentage of its par value. For mortgage-related securities, the price is usually expressed as a percentage of the current face value. A price greater than 100 percent is a premium price while a price less than 100 percent is a discount price.
2. ) The price of a tradable instrument. This is the last automatic trade or uncrossing price for a security in SETS or the mid-price for a security in SEAQ, SEATS, AIM or an international security (that is securities in EULQ, LSTD, NLLD or OINT market segment.
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See Also:
ASKED OR ASKING PRICE, BID OR BID PRICE, EXERCISE PRICE, ADJUSTEDFUTURES PRICE, OFFER OR OFFERED PRICE, PARITY PRICE, PRICE RISK, RELEASE PRICE, SPOT PRICE, CALL PRICE, PRICE EARNINGS RATIO (PE RATIO), ARM'S LENGTH PRICE, CASH PRICE, CONVERSION PARITY PRICE, CONVERSION PRICE, CONVERTIBLE PRICE, EARNINGS-PRICE RATIO(E-P RATIO), EFFECTIVE CALL PRICE, EQUILIBRIUM MARKET PRICE OF RISK
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Fund Letters
