Tail(redirected from tail-like)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.
The remaining reserves after a project financing has been repaid. Sometimes refers to the 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.