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Related to tail down: high-tail, curtailing


The remaining reserves after a project financing has been repaid. Sometimes refers to the residual value.


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.


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 ?
Neighbour John Crane, who was one of the initial people on the scene, said he saw the plane at a "funny angle" flying along Broadwater Gardens with its tail down and nose up.
By keeping his eyes up and forcing his tail down, the lineman can maintain a good bend in his knees and ankles, point his feet forward, and get a good arch in his back.
He has long black hair pulled back into a pony tail down his back and was wearing glasses, a light-colored baseball cap, gray sweatpants, and a green sweatshirt.
Frontside bigspin, fakie flip, switch tre flip down the double set, switch tailslide bigspin out on the bank to ledge, switch back tail down the hubba, and switch crooked grinds down the big rail every time.
And they stuck a monkey's tail down a tube, electrically shocked it and found out they bite things when you fill them with pain.
At night, he gets in a sulky mood, gives you a dirty look and trots off to his bed in the kitchen with his tail down.