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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 ?
The visitors had the best of the first-half chances, with Richens tipping speculative efforts from Davies and Marcus Orlick around the post.
DOGGED DETERMINATION: Rescuers after hauling 12-stone Ted to safety from a Cornish cliff RUFF OLD TIME: Ted with his family, from left, Gemma Richens, Zak, Xanthe, Tate and Lee Barnett
Mick Richens, 51, a policeman, also of South Shields, added: "He'll get the players motivated and won't take any nonsense in the dressing room.
Davies had a shot saved late on, but Richens was rarely tested.
Ms Richens was presented with the pounds 25,000 Mary Seacole Award, which is funded by the Department of Health in memory of Mary Seacole, a Jamaican nurse who cared for British soldiers during the Crimean War.
RECOGNITION: Yana Richens received an honorary doctorate
Yana Richens, of Styvechale Avenue, Earlsdon, has been made a CBE for her services to nursing and midwifery.
GORGEOUS Gabrielle Richens isn't shy about stripping off - but she still runs a mile when she's caught by the window cleaner.
Debbie Richens South East London #It is depressing to read of conmen preying on vulnerable people.
James Richens, the article's author, says: "The results emphasise that apparently well-run sites, with all the necessary procedures in place, can still cause pollution incidents."
Debbie Richens South East London #I have little sympathy for the nine drug smugglers executed in Indonesia (Mirror, April 30).
And in their quarter-final against Oxford's Andrew Wise and Stuart Richens, the Avenue duo appeared to be heading for another comfortable victory when, after 14 ends, they were 20-10 in front - but the Oxford men hit back before the Avenue men squeezed home 23-19 with the Avenue skip holding his nerve to clip out two woods with an accurate runner to hold one shot and then draw another counter.