Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Backspread.
securities. In arbitrage, a less than normal price difference in the price of a currency or commodity. See arbitrage; spread (3).
Spread
n. 1. Banking. The difference between the interest rate that a financial institution must pay to attract deposits and the rate at which money can be loaned. 2. Securities. The difference between the highest price a buyer will pay for a security (the bid price) and the lowest price at which a seller will sell a security (the asked price). 3. Securities. The simultaneous buying and selling of one or more options or futures contracts on the same security in order to profit from the price difference. 4. In investment banking, the difference between the price the underwriter pays the issuer of the security and the price paid by the public in the initial offering. ( The spread compensates the underwriter for its services; it is made up of the manager's fee, the underwriter's discount, and the selling-group concession or discount. -Also termed (in sense 4) gross spread; underwriting spread.
Spreadsheet
A multicolumned worksheet used esp. by accountants and auditors to summarize and analyze financial transactions.
gross spread.
See SPREAD.
option spread
Securities. The difference between the option price and the fair market value of the underlying stock when the option is exercised. See SPREAD.
spread eagle
See STRADDLE.
underwriting spread
See SPREAD,
yield spread
The differences in yield between various securities issues.