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ZERO BOND: Also termed a zero coupon bond, a bond that does not pay interest, in which the return is generated by the difference between the purchase price and the face value paid at maturity. Because they do not pay interest, zero bonds are sold at a discount. For example, a $10,000 zero bond that matures in one year, would generate a 10% return if it sold at a discount of $9,000.
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EURODOLLARS Deposits denominated in U.S. dollars in banks located outside of the United States or domestic branches of foreign banks. While such deposits originated with European banks, hence the "Euro" part of the name, they can be held by banks from any foreign country. Eurodollars are an attractive investment because they are NOT in U.S. banks and thus are NOT subject to U.S. banking regulations. Eurodollars, along with other institutional investment near monies, are added to M2 to derive M3.
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ORANGE REBELOON
[What's This?]
Today, you are likely to spend a great deal of time at an auction looking to buy either a birthday greeting card for your mother that doesn't look like a greeting card or a handcrafted spice rack. Be on the lookout for defective microphones.
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This isn't me! What am I?
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Mark Twain said "I wonder how much it would take to buy soap buble if there was only one in the world."
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"There is no twilight zone of honesty in business. A thing is right or it's wrong. It's black or it's white. " -- John F. Dodge, automaker
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IBF
International Banking Facility
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