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T+3
A term used to define the date settlement of trades as being within three business days of the date of the trade itself. |
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Tag Along Agreement
[also called Co-sale or Take Along Right] |
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Takedown Schedule
The schedule which outlines to the investor the dates and amounts relating to the transfer of his funds. |
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Takeover
Acquiring control of a corporation by stock purchase or exchange, either hostile or friendly. |
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Tangible Book Value
See Book Value per Share. |
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Tax Basis
See Basis. |
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Tax Shield
A strategy which is aimed at the reduction of income tax by utilizing possible tax deductions such as interest paid on debt. |
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Technology transfer
The movement of ideas, inventions and discoveries out of the research lab, through the patent office, and into the commercial sector. |
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Tender Offer
An offer to all or a large group of stockholders to purchase their shares on fixed terms. |
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TER
[Total Expense Ratio] |
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Term Sheet
A short document summarising the principal financial and other terms of a proposed investment. |
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Third stage / Round
Funds which are made available to a company whose sales volume is increasing and which is breakeven or profitable. |
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Tippee
A person who receives material information that has not been made public about a public company. |
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Tipper
A person who informs another person of material information that has not been made public relating to a public company. |
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Tombstone
A short printed announcement about a proposed or completed offering of registered securities, usually appearing in the financial section of newspaper or other publications. |
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Top Quarter
Comprises the funds with a performance equal or above the upper quartile point. |
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Track Record
Assessment of the experience and success of an institution participating in securities offerings, namely an investment bank, a corporation or just a manager. |
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Tracking Error
A measure of the difference between the risk of a fund and the risk of the benchmark. |
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Trade Sale
As far as venture capital is concerned the sale of a corporation or of parts of it to a strategic or industrial investor. |
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Trademarks
A distinctive name, symbol, motto, or design that legally identifies a company or its products and services, and sometimes prevents others from using identical or similar marks. |
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Transfer Agent/Registrar
The agent of a company responsible for the issuing of stock certificates, for the registration of stockholders' names and re-registration of new holders when a transfer of stock occurs. |
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Treasury Stock
Stock that has been reacquired by the issuing company, and has not been cancelled. |
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Tresaury bond
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TTC
[Time To Close] |
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Turnaround
In a firm commitment underwriting, an investment bank that purchases an entire security issue or part of it for resale to investors in a public offer. |
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TWR
[Time Weighted Rate of Return] |