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 ?
Even people who take great pride in having gotten ahead through hard work can, if prompted and upon reflection, recognise the tail winds that helped them.
42am UK time) today but was waiting for unexpected tail winds to subside.
At 7pm UK time, the aircraft was 850 miles east of Japan, enjoying tail winds of 100 knots
The airline also introduced requirements that flight crews monitor the heading and wind speed and that a go-around be carried out whenever the tail wind limitations have been exceeded.
There was a little bit of a tail wind, but apart from that the weather conditions were perfect.
Each race went as nti-clockws ise around the half mile circuit and the weather could hardly have been better at this notoriously chilly venue, normally renowned for being 'two coats colder' - bright and sunny, 14 Celsius and a good strength tail wind out of the final, fast bend up the 130 metre home straight.
But the tail wind meant the plane didn't slow down fast enough and was heading straight for a 10ft hedge, forcing Mr Doyle, of North Shields, North Tyneside, into a turn.
The weather last week saw the course dry out to good to firm and the runners were treated to an unusually strong tail wind.
although the times today have been quite quick, there has been a lovely tail wind and all the jockeys have agreed
Treorch y failed to capitalise on a strong tail wind in the first half while Rumney's close-quarter passin g game allowed them to gain ter - rirotial parity with the Zebras.
As a result their sole reward of the first half tail wind came from a Matthew Hutchings's penalty.
The Notes were purchased by accounts managed by Tail Wind Advisory and Management Ltd, which is authorized and regulated by The Financial Services Authority of Great Britain.