(redirected from tail-light)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.


The remaining reserves after a project financing has been repaid. Sometimes refers to the residual value.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


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.
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 ?
The source said: "The tail-light proves that the Mercedes must have clipped another car as it entered the underpass.
It features a Flush Type fuel tank cap, 240mm front disc brakes, new tail-light and clear indicators, power start, front side cowl, and digital-analogue combo meter, which improves the visibility of the instrument cluster.
The vehicle features new grille, bumper, headlights and bonnet, new LED elements to the headlights, revised tail-light assemblies, and a revamped instrument cluster, new touchscreen media system, new rear seat entertainment, a revised shift surround and new switchgear.
It features LED daytime-running lights, a new fuel tank, Up Side Down forks, twin silencers, a mudguard, Pirelli Sport Demon tyres mounted on Y-spoke black alloy wheels and an LED tail-light.
The vehicle features headlight and tail-light protective screens, exposed tow and hitch hooks, underbody protection-plates, a snorkel, a roof-top crate with spare wheel, quad driving lights, and chunky all-terrain 237/70/16 tyres.
It features LED daytime running lights, a new fuel tank, Up Side Down forks, twin mufflers, mudguard and an LED tail-light.