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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.

Flat

1. Describing a stock or other security that is neither rising nor falling in price.

2. In foreign exchange, having no position. That is, an investor is flat if he/she has neither bought nor short sold a given currency.

3. Describing a bond that trades without interest that has accumulated since the last coupon payment. It is fairly unusual for bonds to trade flat, as the buyer is normally expected to compensate the seller for the next coupon that the seller will no longer receive from the issuer. However, bonds in default trade flat.

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.

flat

An apartment.
References in periodicals archive ?
Mayor James Hahn and the City Council tried to persuade the county supervisors to put in language that says flatly an independent Valley would have to pay the remaining Los Angeles $127 in alimony, suggesting that a breakup would cost local taxpayers dearly.
The PTO has flatly rejected Life Fitness' inflated claims.
Masry has flatly denied the accusations and said he fired Cohen in December 2000 for lying on her resume and not completing work on cases he had assigned to her.
Any suggestion that the Armerican and Candian courts do not have the ability to halt the Tarkett-Sommer transaction if flatly wrong and misleading.
When Charity flatly refuses, Declan is suspicious and calls his solicitor to find out whether there is a get-out clause in his marriage pre-nup agreement.
Indeed, he flatly said " there was no crossing of the Line of Control ( by the Pakistan Army) on January 8.
Summary: Liberal Democrat deputy leader Simon Hughes has flatly ruled out any pact with the Conservatives at the next general election.
BARCELONA have flatly denied they have reached an agreement with Cesc Fabregas which would see the Arsenal captain return to the Nou Camp at the end of the season.
It read: "Given the exceptional repercussions created by the stories that have appeared in different media with respect to an agreement with Arsenal FC player Cesc Fabregas, Barca flatly deny that there have been any negotiations or agreements with the player.
The United States stated flatly last week that it is not seeking "regime change" in North Korea.
Mrs Clinton responded: "It is flatly untrue and it is not anything I'm entertaining.
I demanded to see their "papers" and they flatly refused to show me any notice, warrant, or basis for their authority.