Tail

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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 classic literature ?
His powerful tail was raised high to one side, and as he passed close above them he brought it down in one terrific sweep that crushed a green warrior's skull as though it had been an eggshell.
And so I raced on toward the trees intending to pass beneath that which held the man-things and take refuge in another farther on; but the wolf-dogs were very close behind me--so close that I had despaired of escaping them, when one of the creatures in the tree above swung down headforemost, his tail looped about a great limb, and grasping me beneath my armpits swung me in safety up among his fellows.
Can't you see that we're both Pups in the Wood and the missis is the cruel uncle after you with the dish towel and me with the flea liniment and a pink bow to tie on my tail.
A freshgathered cow's tail lay on the floor, and by its side two pieces of black velvet-my black velvet-rudely hacked into the semblance of masks.
But best of all was the occasion when he moved with the Tail Twisters in review order at the breaking of a November day.
I must know what they do, and what they are about to do; and adding the tail to the trunk, as the saying is, I make up the whole elephant.
Then the son sat down on the fox's tail, and away they went over stock and stone till their hair whistled in the wind.
She clicked her teeth (Karay no longer had her by the throat), leaped with a movement of her hind legs out of the gully, and having disengaged herself from the dogs, with tail tucked in again, went forward.
The tail was square and stubby and perfectly straight, and the four legs were made in the same way, each being four-sided.
This, as Michael, encouraged by the unmistakable geniality and kindness in the voice, wriggled his whole body and thumped double knocks of delight with his tail.
In his youth One Eye had once sniffed too near a similar, apparently inert ball of quills, and had the tail flick out suddenly in his face.
While I am hammering on the anvil, you sleep on the mat; and when I begin to eat after my toil, you wake up and wag your tail for food.