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The remaining reserves after a project financing has been repaid. Sometimes refers to the residual value.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Scholarly researched, professional in its presentation, and incredibly enjoyable to read, Tail-End Charlies is definitely a must-have book.
They urged the lawmakers from Badin to invite Sindh Chief Minister Syed Murad Ali Shah to visit the tail-end areas of Badin district to assess the situation himself and ensure just distribution of water.
The committee should have an expert from Mehran University of Engineering and Technology as a member, said an order passed by a division bench comprising Justices Salahuddin Panhwar and Adnan Iqbal Chaudhry on a number of petitions filed by tail-end growers.
He said that during the period of three months water regulation would be done from the tail-end areas to assess the situations in the entire district.
Addressing the participants, the representatives of growers said that their share of water was diverted to five flood canals from where it was stolen through illegal outlets to irrigate land of the influential people in Badin, Tando Mohammad Khan and Tando Allahyar districts which depriving over one million people in the tail-end areas of the district of water for the past eight months.
According to the weather bureau, Tropical Depression 'Usman' which was downgraded to an LPA and the tail-end of a cold front are expected to bring cloudy skies with scattered rain over parts of the country on Sunday.
While adressing the meeting provinicial Minister Sindh, Mohammad Ismail Rahu directed the officials that by finshing the shortage of agri-water it should be assured to the tail-end growers.
He said that tail-end areas were being provided water through management and the distribution of water has improved.
Three weather systems -- a low pressure area (LPA), a tail-end of a cold front, and the northeast monsoon -- are affecting the country Thursday, the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) said.
MANILA, PhilippinesSeveral provinces, including Metro Manila, will experience cloudy skies and light to heavy rains for the entire week as north-easterlies and the tail-end of a cold front continue to prevail over the country, the Philippine Atmospheric, Geophysical and Astronomical Service Administration said.In its weekly weather forecast, the PAGASA said that for Sunday and Monday (January 28 and 29) cloudy skies with rainshowers and thunderstorms are expected along the coastal areas of Surigao, Davao Oriental, Dinagat Islands and Siargao Island due to the north-easterlies.
BADIN -- Pakistan Tehreek-i-Insaf (PTI) MNA Mohammad Alamgir Khan has held the Sindh government responsible for the worst water crisis in the tail-end areas of lower Sindh despite availability of more than enough water in the system.
TANDO BAGO -- A landlord namely Mir Zahid Hussain Tallpur while addressing a press conference on Monday said that the water supply has been suspended to the watercourse No 70-R to facilitate his favorite people which has resulted in huge loss to the tail-end growers.