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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 ?
MacMillan's production is a rare blend of richly layered choreography and story telling - Nao Sakuma is an excellent dance talent - those two qualities alone are worth the ticket price.
Japan is the largest life insurance market, but life insurers there were richly capitalized until the economic turmoil in the late 1990s caused the stock market to tumble, forcing the government to institute more stringent reserve requirements.
But other pieces, such as a reflection on Mario Puzo and the mafia, and richly drawn commentaries on Count Basie, Duke Ellington, and Billie Holiday, explore turf that is not associated with the author of classic texts such as Age of Extremes.
English novelist whose richly allusive and descriptive works combine psychological probings--chiefly of sex and love--with an interest in the social and philosophical context of human behavior.
His text is accompanied by an interesting collection of historic photographs and richly reproduced paintings that illustrate various attitudes to forests.
This richly illustrated volume, with over 250 color illustrations, is an excellent introduction to the subject of Japanese textiles.
This richly illustrated book celebrates the majesty of Greek temples.
These two small but richly informative DK biographies of legendary presidents are highly valuable additions to any library.
As in all of Cleage's richly layered novels, that isn't the only story line at work here.
One of the very best of those books is Dayton Duncan's Scenes Of Visionary Enchantment: Reflections On Lewis And Clark and richly deserves ongoing recommendation beyond the famous expedition's anniversary date.
A highly recommended and scholarly contribution to American Military History collections, the twenty-four chapters comprising West Point: Two Centuries And Beyond shares the richly informed and informative scholarship of that bicentennial conference.
Having had the "peculiar experience" of traveling both as a man and as a woman, writes esteemed British travel writer Jan Morris in the forward to this richly illustrated companion to an exhibit at the National Portrait Gallery in London, "I have reached the conclusion that [at least since 1950] the female traveler has had it easier than the male." Host men in the preceding three centuries, however, would not have chosen to switch sexes, as Morris did on a 1972 trip to Casablanca.

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