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 ?
HOW TO FISH: Jumbo Straight Tail Worms match Texas or splitshot rigs with Roboworm ReBarbs or Lazer TroKar Worm hooks, which hold plastic fast to the shank, while allowing extended tails to have maximum movement.
In one experiment, seven bass were held in tanks where a test angler lured bass with Yamamoto Kut Tail worms baited on 1/0 Gamakatsu 314 worm hooks.