Operation where a company takes control of another and the company taken over loses its identity in the process.
Takeover bid
Operation where one or more natural or legal persons tell the shareholders of a listed company of the plan these natural or legal persons have to obtain all the securities they are offered during a certain period of time, at a fixed price, payable in cash.
Technical analysis
All models based on the graphic and mathematical interpretation (moving average, for example) used to anticipate trends on the financial markets.
Temporal value
The price of an option equals the total of the intrinsic value and the temporal value. The latter reflects the probability that the underlying price is higher for an option call (lower for a put) at the strike price on the due date.
To cut one's losses
Operation where an investor decides to sell a security at a loss so as to avoid having to suffer even heavier losses in the future.
Trading
Purchase followed by a sale (or vice versa) to take advantage of a temporary price difference . Owing to the speculative nature of these operations, they are based on graphic rather than basis assessments.
Trading account
Account open with a financial institution and designed to accommodate a portfolio of securities.
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