Tail

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Related to tail off: scut, turn tail, come in handy

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 periodicals archive ?
It soon became apparent that those who had opposed the favourite were on the right track, as jockey Graham Lee never looked happy aboard the Gold Cup sixth, administering reminders at halfway before eventually accepting things and letting him tail off to finish fifth of the seven runners.
However, they've started to tail off a bit, and there's no crowd at Moss Rose.
I was considering K-State at one point, but talked to (Walker) and he said he was working his tail off to maybe go (to the NBA) next year, so that's when I came here,'' Mayo said.
A CRUEL pet owner cut the tail off his goldfish with a pair of scissors because he was "bored" after a day of boozing.
My man Paul here, [Paul Gordon, the building's manager] is my ambassador to the tenants, and he works his tail off.