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


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.


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 ?
The airline also introduced requirements that flight crews monitor the heading and wind speed and that a go-around be carried out whenever the tail wind limitations have been exceeded.
In addition, The Tail Wind Fund has converted into NexMed common stock the $2 million outstanding balance of the convertible note issued to it in June 2002 at a conversion price of approximately $2.
Successfully coming to terms with a tricky varying tail wind, she leapt 6.
The Notes were purchased by accounts managed by Tail Wind Advisory and Management Ltd, which is authorized and regulated by The Financial Services Authority of Great Britain.
Once again the wind played the biggest part, with a roaring tail wind on the first section, a roaring head wind as they returned and then on the final 10 miles it was a strong cross wind each way.
However, the tendency is to try to make the most of a tail wind and hit the ball too hard.
Mercedes says that the top speed is officially 196mph, but with a strong tail wind blowing along the car's native autobahns it will be in excess of 200mph.
Paul said yesterday: "With a good tail wind it can reach up to 70mph - not bad for a toilet.
Treorch y failed to capitalise on a strong tail wind in the first half while Rumney's close-quarter passin g game allowed them to gain ter - rirotial parity with the Zebras.
Another factor that may have contributed to overrunning the runway was a tail wind of less than five knots, Tullo said.
The first investment was a $4 million private placement of 10% convertible preferred stock to The Tail Wind Fund Ltd.
The first six miles featured a fantastic tail wind, but as they doubled back, it was a horrendous head wind