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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 ?
aerodynamic ground effects of a tailless chevron-shaped ucav model, 24th Applied Aerodynamics Conference, San Francisco, California, 5-8 June.
In a previous study on stability analysis on tailless aircraft [18], stability and control behavior of a tailless aircraft are investigated for Innovative Control Effectors (ICE) configuration developed by Lockheed Martin.
[sup][10],[11],[12] PDCD5 can also interact with other molecules such as nuclear factor-?B p65 to regulate apoptosis via small heterodimer partner protein [sup][13] and another protein, cytosolic chaperonin containing tailless complex polypeptide one, partly by inhibiting [sz]-tubulin folding.
He is rescued and cared for by the RSPCA who then seek a special home for a three-legged, tailless, but enormous animal.
As a result, only three to four headless and tailless sardines are packed to a tin.
Some Manx cats have an inherited condition called sacral caudal dysgenesis, a malformation of the vertebrae of the lower back and tail that causes tailless or bobtailed cats to have difficulty using their hind legs.
Dial BE and Fitzpatrick LC (1984) Predator escape success in tailed versus tailless Scincella lateralis (Sauria: Scincidae).
After all, long before the tailless dinner jacket became the dominant formalwear for college men, it was introduced to America in 1886 at a country club--Tuxedo Park in upstate NY, and not by a college student.
Some time after 1886, when tailless (and thus relatively informal) evening clothes for men first appeared, the name this suit picked up from being introduced at the Tuxedo Club in Tuxedo Park, New York, came to be considered too commercial for gentlemanly use.
The tailless delta-wing design seen in the Vulcan bomber and the Gloster Javelin fighter was used later in fighter jets such as the Dassault Mirage III.
Sam, the tailless kitten, was rescued by Wags and Purrs, and he is now recovering and will soon be ready for adoption.