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Term for a security whose price seems too high in light of its price history.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


Describing a person or entity with strong financial resources. There is no strict definition of how much one needs to have in order to be "wealthy," but, in general, it refers to one with more money or assets relative to others in a society. The wealthy drive economic growth. Some believe this ought to be encouraged, as it eventually makes the remainder of society wealthier; others, however, believe growth is strongest when the needs of multiple classes are balanced. A few others believe wealthy persons ought to have most of their resources confiscated and redistributed, but this is a minority opinion.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


Of, relating to, or being a security price judged by some investors to be too high. For example, a new issue of stock may carry an offering price that many analysts consider rich. If too many investors and analysts believe the price is rich, the offering may be unsuccessful.
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 ?
"This is a movement that is being ignored at our peril," says Yoruba Richen.
Richens and her associates treat all types of eye diseases and conditions ranging from routine exams to specialized surgery.
Nuneaton: Belshaw, Richens, Recci, Gordon, Streete, Armson, Delfouneso (York 80), Adams (Sleath 43), Bell (Wills 87), Pearson, Taylor.
However, second-half Bucks' pressure was rewarded when Cudworth scored after Richens parried Leon Drysdale's free-kick on 65 minutes
Telford piled on pressure in the second half and finally equalised on 65 minutes when Leon Drysdale struck a free-kick from the edge of the penalty area which Richens could only parry and Jack Cudworth reacted fastest to react to poke home the loose ball.
Treasury Action: Treasuries are holding gains, led by the long end where the bond has richened a hefty 7.8 bps to 1.957%.
The hosts led after 31 minutes when full-back Michael Richens surged into the box past a couple of challenges and slotted a low shot beyond Ashley Timms.
Will Richens, student president at Newcastle University's Union Society, said: "The safety of students is clearly very important to us.
ORIGINAL writers Peter Richardson and Pete Richens reunite with Comic Strip regulars Rik Mayall and Nigel Planer in a new film that delves into middle-class suburbia.
He took on the defence single-handed before firing a left foot shot past keeper Chris Richens from 15 yards in the 13th minute.
COLWYN Bay had to be content with a solitary point after Calvin Davies saw his late penalty superbly saved by Clitheroe keeper Kris Richens.
Philip Richens, production manager at Baggeridge Brick, found the visit educational and reassuring.