tail (redirected from frozen tail, limber tail, rudder tail, cold water tail)

Tail

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

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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.