Tail

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Tail

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

Tail

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.

tail

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 ?
Snug wing nuts on wrist of the stock and, using existing butt plate screws, secure stock into tail stock of jig, making sure the stock is level.
16mm,Folding Machine, CNC, 13 mm 260 T,Rolling Machine, 16 mm Thickness,CNC Turning Center, X axis: 350 mm,Z axis: 1000 mm with Tail Stock 5,20 Ton Capacity EOT Crane
The Orbit's dual head and tail stock configuration and its ability to rotate the part for access by the robot are important features.
Qty: 5 No 3)Spindle Sleeve Of Tail Stock Of Hmt Lb-25 Lathe As Per Drawing No.