15 January 2008

Adverse Opinion

An independent auditor's statement annexed to a company's financial statement that indicates the financial statement does not accurately reflect the company's true financial position.

Across the Board

A directional move in stock prices that affects most issues.

14 January 2008

Deep Pockets

In financial speak, it is a reference to an investor or company with cash reserves. Deep pockets are very useful in buyouts.

In the legal world, deep pockets refers to the defendant in a case with the most insurance or assets from whom recovery can be made.

Well... that's sort of the same thing...

Decimal Pricing

The use of decimals in quoting prices on securities rather than using fractions. Fractions were used prior to 2000.