flat (redirected from flatlets)

Flat

1. A price that is neither rising nor declining.

2. In forex, the condition of being neither long nor short in a particular currency. Also referred to as 'being square'.

3. A bond that is trading without accrued interest.

Notes:

1. If a stock over the last month has been trading around $30, it can be thought of as trading flat.

2. If you had no positions in the U.S. dollar or your long and short positions canceled each other out, you would be flat or have a flat book.

3. A bond is trading flat if the buyer of the bond is not responsible for paying the interest that has accrued since the last payment (accrued interest is usually part of the bond purchase price). Bonds that are in default trade flat.

See also: Accrued Interest, Bond, Forex, Long, Short

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Flat

Convertibles: Earning interest on the date of payment only.
General: Having neither a short nor a long position in a stock. Clean.
Market: Characterized by horizontal price movement, usually the result of low activity.
Equities: To execute without commission or markup.

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flat

1. Of, relating to, or being a market maker's inventory position that is neither long nor short; that is, the inventory is zero.

2. Of, relating to, or being a bond that trades without accrued interest. For example, bonds of a company in bankruptcy proceedings trade flat. A bond trading flat is indicated in bond transaction tables by the symbol f.