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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 ?
Although Tail-End Charlies contains 22 photographs, it offers no maps or appendices of bomber and crew losses, bomb tonnages, sorties flown, targets hit, and the like.
Due to the tail-end of the cold front, the regions of Eastern Visayas and Caraga will have cloudy skies with scattered rains and thunderstorms.
According to the Philippine Atmospheric Geophysical and Astronomical Services Administration (Pagasa), the tail-end of a cold front is affecting Eastern Visayas and Caraga; while the northeast monsoon is affecting the Cagayan Valley Region, Cordillera Administrative Region, Central Luzon, Bicol Region, Ilocos, and Quezon.
Duran said parts of Visayas and Mindanao will also experience rains due to the tail-end of a cold front.
MULTAN -- Shujabad canal division will complete brick-lining of four canals at a cost of Rs 130 million to ensure water to tail-end growers.
A penalty-kicks triumph on the tail-end of 90 scoreless, regulation minutes provided the Brazilians a monumental victory over defending Cup champion Norway, earning a third-place finish in the Women's World Cup.
The tail-end of a cold front will bring scattered rain over Eastern Visayas, while the northeast monsoon or amihan will affect Northern and Central Luzon, the weather bureau said in its Sunday morning forecast.
The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) said that the northeast monsoon or "amihan" is affecting Northern Luzon while the tail-end of a cold front is affecting the eastern section of Central and Southern Luzon.
UMERKOT -- Chief Minister Sindh Syed Qaim Ali Shah has said there is abundant water in the irrigation system but the shortage in the tail-end areas of the irrigation networks is caused due to mismanagement of water supply by Irrigation officials.
I, a tail-end baby boomer approaching the middle-age mark, was ever so concerned about remaining attractive to white, middle-class university students.