Tail


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Related to Tail: Long tail, wet tail

Tail

The remaining reserves after a project financing has been repaid. Sometimes refers to the residual value.

Tail

1. In a bond auction, the difference between the lowest bid and the average bid in the auction.

2. In a quote, the cents rather than the whole dollar amount. For example, in the quote $32.59, tail is 59 cents. This term is most common in new issues of a security.

3. See: Residual Value.

tail

1. In a bid for a new security issue, the portion of the bid price that follows the decimal. For example, a bid of $92.125 has a tail of .125.
2. The difference between the average bid and the lowest bid at an auction for Treasury securities.
References in classic literature ?
Namgay Doola, men said, had gone forth in the night and with a sharp knife had cut off the tail of a cow belonging to the rabbit-faced villager who had betrayed him.
When Bobby came up from Deolali and took his place among the Tail Twisters, it was gently but firmly borne in upon him that the Regiment was his father and his mother and his indissolubly wedded wife, and that there was no crime under the canopy of heaven blacker than that of bringing shame on the Regiment, which was the best-shooting, best-drilled, best set-up, bravest, most illustrious, and in all respects most desirable Regiment within the compass of the Seven Seas.
Later, my Fate sent me the boatman who had desired to cut off my tail with an axe.
said the watches of the boys, and the little gilt repeaters on the tails of the cat and pig.
Then the fox stretched out his tail again, and the young man sat himself down, and away they went over stock and stone till their hair whistled in the wind.
The other, however, dealt a single blow with his cruel tail that laid both of the females crushed corpses upon the ground.
As if aware of her danger, the wolf turned her eyes on Karay, tucked her tail yet further between her legs, and increased her speed.
Very likely if we ask him politely to let us pull three hairs out of the tip of his tail he won't hurt us.
Releasing his hold upon the tree he dropped on all fours and at the same time swung his great, wicked tail with a force that would have broken every bone in my body had it struck me; but, fortunately, I had turned to flee at the very instant that I felt my blow land upon the towering back.
The creature appeared to be a great lizard at least ten feet high, with a huge, powerful tail as long as its torso, mighty hind legs and short forelegs.
He was half-whirled about in the vortex of the thing's passage caused by the alarmed flirt of its tail.
Michael sat on his haunches, the length of his lower jaw resting on Daughtry's knee, the while his eyes dilated, contracted and glowed, his ears ever pricking and repricking to listen, his stump tail thumping ecstatically on the floor.