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


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.


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 ?
In a dry climate such as Nevada's, waste rock and tailings are covered with a layer of soil so thick that it can absorb all of the rain that is likely to fall in a given year.
The Company also holds several silver properties in Mexico, including the producing Baroness Tailings Project in the Zacatecas silver district.
Of the numerous active and inactive mine tailings that exist in this part of the province, some have been completely deserted, that is, companies have failed to lay claim to the properties.
The Summer Program also began the testing of the Property's mine tailings for the presence of PGE's that may have been left behind by the earlier mining operations that were focused primarily on extracting nickel and copper.
1,000,000 tonnes of Tailings averaging 3g/t gold will be supplied over the term of the agreement.
PasteTec offers consulting and EPCM services in the area of tailings management, backfill production and placement and the handling and disposal of other waste materials.
The Company also holds several silver properties in Mexico, including the producing Barones Tailings Project in the Zacatecas Silver District.
Next year, Phase 2 will include pumping the tailings to the dam on the northeastern corner of the property, a project which should be completed by early summer.
in 2004, confirmed that the tailings are amenable to recovery of gold by both gravity, and cyanidation.
This agglomerated tailings paste fill (ATPF) consists of pelletized mill tailings as aggregates and also tailings for the matrix of paste fill along with cementing binders.
Rio Algom operated 16 mines sites in the Elliot Lake area, dumping millions of tons of copper and uranium tailings in a number of waste properties.
Erocon stands to benefit from growing concern over tailings