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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 ?
Mad-Eye Moody with one of the tailless whip scorpions | |in Harry Potter And The Goblet Of Fire.
Cheney and Seyfarth, therefore, compare monkeys (including the tailless Barbary ape) to people "with retrograde amnesia [who] often know and remember many things--their semantic memory is intact--but they have no memory of anything that happened specifically to them.
Slopes of regression lines comparing snout-vent length and burst speed (Experiment 3) were not significantly different from zero for either tailed or tailless geckos (two-tailed t-tests, n = 18 for both, both P-values > 0.
And we know about the loveable tailless Manx cats, lip-smacking kippers and succulent lamb.
The apes are actually tailless monkeys, and there are now more than 200 of them on Gibraltar, a British territory adjoining the southern coast of Spain.
These great apes, a group of long-armed and tailless animals that also includes orangutans from Asia, are the animals most closely related to humans.
Totes Meer meanders gently among the reflections of a dying man, of a Paleolithic humanoid, of an aging artist, and of a naive young boy, producing a subtle poetry that is, in places, beautiful as well as polemical: "The music ambles amiably down imaginary streets: a headless, tailless worm of improvisation pursuing its endless evolution.
The plane was wingless and tailless for its journey north but the familiar nose cone was in place.
But Kroger also has entire cabinets of its frozen food section devoted to cocktail shrimp in various counts, from 19-25 a pound to 71-90 a pound, tall-on or tailless, plus salad shrimp, all in resealable pouches, at prices from $5.
it says so on the badge on his lapel) but tailless and hatless, the Earl of Huntingdon looks comfortable and at ease, if shorter of hair than when he used to train for the Queen, and some of her subjects, at West Ilsley.
I never reared a young wombat To glad me with his pin-hole eye, But when he most was sweet and fat And tailless, he was sure to diet