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"Investment & Finance" is the place where you find all you need to know about finance, investment, financial markets, financial instruments and products including stocks, bonds, money market tools, active trading, mutual funds, hedge funds, funds of funds, derivatives, forex and so on. Content is categorized into sections and subsections. The financial encyclopedia contains more than 30,000 terms covering all arenas related to investment, finance, economics, statistics, accounting, insurance, etc.
Across all subjects of the encyclopedia, topics are sorted out and populated according the main theme: defining words that constitute roots or basic terms from which a variety of other terms are derived (examples, the word warrant where the user will have access to a variety of terms derived from or based on that term, and across all sections of the encyclopedia: penny warrant, ITM warrant, prefunded warrant, warrant value, etc.)
Within the overall encyclopedia, and within each section, the main topics will be selected and presented in the new version of the website that is currently being developed and will be published shortly.
Random Definition
Pips: Digits that are added to or subtracted from the
fourth decimal place in a currency rate quote. For example, in 1.2246, the
number “6” is a pip. It represents the smallest increment of exchange rate
fluctuation. Some argue that the name “pips” is an abbreviation for percentage
in points. It could also be the FX equivalent of
basis points (bps or bips) as used
by traders of bonds and other interest rate-based instruments.
Nevertheless, the pip can be broken down into decimals or
fractionals (which refer to one-tenth of a pip). The bid-ask
spread could be 2.3 pips, meaning 2 pips and 3 decimals. Most
currency pairs are quoted using five pips.
Featured Definition
Mid-Swap: the reference rate which is used to calculate the premium that a bond buyer will pay. Adding a spread to a reference rate is one method to value a bond....