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Term for a security whose price seems too high in light of its price history.


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.


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.
References in periodicals archive ?
The report found that the richest fifth of the population pay three percentage points less of their income in tax than the poorest fifth.
Murat E[pounds sterling]lker, the chairman of Yyldyz Holding, Turkey's largest food company, was named the richest person in the country with a fortune of $4.
Meanwhile, the richest 20 percent of people worldwide owned most of what was left, with the poorest 80 percent owning just 5.
Among the richest, the average wealth per adult stands at USD 2.
The 80 richest people on the planet have the same wealth as the poorest 3.
Ma, 50, briefly passed Li Ka- shing as Asia's richest person.
The co-founder of Microsoft is back on top, becoming world's richest man again after four years with his fortune up by $9 billion in the last one year.
Uzbek-born Russian Usmanov, who is largely known in Europe as the owner of Arsenal, is considered by Forbes to be Russia's richest man with some USD 19.
Azim Hashim Premji, 68, who owns 57 percent of Wipro, is not only the richest South Indian, but also the fourth richest Indian with an asset of $12 billion--this is despite a whopping US $ 1 billion contribution to charity
According to Forbes's world's richest billionaires, in which Carlos Slim HelE[bar] came on the top with a fortune worth $73bn, Nassef Sawiris was the richest Egyptian, and ranked fifth on the whole list, with a net worth of $6.
The learning levels of males and females improve as we move from the poorest quintile to the richest quintile.
Sunil Bharti Mittal, chairman of telecoms giant Bharti Airtel Ltd, and Gautam Adani, chairman of the power-focused Adani Group, dropped out of Forbes' annual list of the 10 richest Indians, as uncertainty and controversy gripped their industries.