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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 ?
"The tail keeps balance like a pendulum," said Junichi Nabeshima, a graduate student and researcher at the university's Embodied Media Project.
When plotted over time, it was clear that the 3D data also showed a clear increase in low tails as a tail-biting outbreak approaches, and a decline after an outbreak (see Figure 2, which shows daily proportions of low tails for the 15 outbreak groups).
Regarding tail docking techniques, most farmers docked tails using rubber ring (82.2%), followed by rubber ring with surgical removing of tails some hours after (5.1%), surgical removing of tails with scalpel (5.1%), electrical pliers (3.4%), hot iron (2.5%), and rubber ring with cauterization some hours after (1.7%).
Pawsome Tails enables pet owners to avail best in class healthcare and a wide range of products at discounted price for their furry friends right at their doorstep.
You're not going to get rich and they don't advocate killing squirrels merely to sell tails, but if you're bagging squirrels on a regular basis, it might put a few bucks in your pocket to recycle a little tail.
The experts have named the newly discovered species Chimerarachne yingi, with the genus name coming from the fire-breathing chimera in Greek mythology that had the head of a lion, the body of a goat and the tail of a serpent.
With B, CO 3 sts, leaving a long tail for finishing.
ASOS says of the dinosaur tail: "Get your waggle on with TellTails' wearable tails.
Nothing conquers a slippery slope like a good twitch of the tail, say researchers exploring how vertebrates could have taken the first treacherous steps on land.
They have demonstrated that not only do square tails grasp better than round ones, but the square plates make the seahorse tail stiffer, stronger, and more resistant to strain.