A seasonal swap providing flexibility of payments at predetermined periods to best meet the counterparty's cyclical financing needs or other requirements. This swap has fluctuating payments so that the counterparty can match cash flows to transfers, periodic financing obligations or seasonal factors. For example, an international company that sells lawn mowers might have a keen interest in a rollercoaster swap because it can match swap payments with the seasonal demand for lawn mowers.
In the world of finance, these are people with science and math degrees who work in the finance field building highly advanced quantitative finance models. These models help banking, insurance and investment firms to price financial instruments. If an investment firm hires a PhD student with a background in theoretical physics to create a model that prices futures and options, that person would be considered a "rocket scientist" by the traders in the investment firm because of the complexity and skill required to create these models that help traders of futures and options.
A term often used by traders to refer to increased trading caused by a takeover rumor. If firms A and C are both in the auto industry and rumors say that firm A will takeover firm C, an increase in trading in firms A and C's stock illustrates rumortrage.
An area that was once known for its manufacturing plants but is now abandoned as these plants have either gone out of business or moved to Latin America or Asia, where labor costs are lower. The U.S. Eastern seaboard and parts of Germany are often referred to as rust bowls.
The name given to the group of investors refusing to tender their shares into a corporate action, such as a merger or acquisition. Should the quantity of rump shares be large enough, a corporate action may be stalled or halted.
Stock certificates that have become worthless. When a company becomes bankrupt, in most instances, the value of shareholders' equity will approach zero. For shareholders with the physical stock certificate, they essentially become as valuable as "scrap paper". Because creditors are paid before stockholders in bankruptcies, typically all physical stock certificates of a bankrupt company become scrap paper.
An anti-takeover strategy that a firm undertakes by liquidating its valuable and desired assets and assuming liabilities in an effort to make the proposed takeover unattractive to the acquiring firm. In extreme cases, this strategy might end up being a 'suicide pill'.The scorched earth policy is actually a classic military strategy: generals would instruct troops to burn any land/crops/trees as they retreated so there would be no supplies to refresh the advancing army.
The generation of middle-aged individuals who are pressured to support both aging parents and growing children. Those of the sandwich generation are caught between the obligation to care for their parents--who may be ill, unable to perform various tasks or in need of financial support--and children, who require financial, physical and emotional support. These obligations demand considerable time and money. With the added burdens of work and personal issues, as well as the need to contribute to their own retirement, the individuals of the sandwich generation are under significant stress.