Glossary

A | B | C | D | E | F | G | H | I | J | K | L | M
N | O | P | Q | R | S | T | U | V | W | X | Y | Z


T-Bill (Treasury Bill)

    Debt issued by the U.S. Treasury with maturity less than a year.
T-Bond (Treasury Bond)
    US Treasury debt with maturities of more than 30 years.
T-Note (Treasury Note)
    Debt issued by the US Treasury with maturity between a year and 15 years.
Tender Offer
    Offer made directly to a firm's shareholders to buy their shares.
Tick
    This refers to a change in the price of a security. An uptick occurs when the last trade in a security takes place at a higher price than the prior trade. A downtick occurs when the last trade in a security takes place at a lower price than the prior trade. An indicator may be fashioned from the difference between the number of NYSE issues showing upticks on the last trade and the number of NYSE issues showing downticks on the last trade. This indicator is known as the TICK, and is found on many quote screens. A TICK of +236 means 236 more NYSE issues last traded on upticks than those trading on downticks.
Today's High
    The intra-day high trading price.
Today's Low
    The intra-day low trading price.
Tombstone
    Advertisement listing the issuing firm, type of security, its issuing price, number of securities to be issued, and names of underwriters of a new issue.
Trading Halt
    The temporary suspension of trading in a Nasdaq security, usually for 30 minutes, while material news from the issuer is being disseminated over the news wires. A trading halt gives all investors equal opportunity to evaluate news and make buy, sell, or hold decisions on that basis. NASDAQ or the SEC may also impose a trading halt for purely regulatory reasons.
Transaction Costs
    The cost of buying or selling financial securities.
Treasury Stock
    Shares that are re-purchased by the issuing company. They are equivalent to unissued stock.
Triple Witching Hour
    Slang used for the last hour of trading before the simultaneous expiration of stock options, index options, and index futures. This occurs four times a year on the third Friday of each quarter's end.
TSE
    Tokyo Stock Exchange or the Toronto Stock Exchange.