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 periodicals archive ?
Senator Panfilo 'Ping' Lacson had this advice to President Rodrigo Duterte's communications officials and closest advisers who have spent recent weeks seemingly chasing tails in explaining apparently confusing statements of the chief executive.
2011 to be precise when Inner City Pirates let loose Cutting Noses, Chasing Tails - another whipsmart collision of incendiary detonations and melodic inspiration.