The term „markdown“ refers to a discount or payment in part
When securities are sold on the customer’s account, the profit margin of the bank or dealer (broker) included in the price. – The difference between today’s rate of certain foreign currencies and the three-month’s rate of that currency on the futures market (unless otherwise stated). – Deduction of interest (discounting) on the purchase of receivables due at a later date, especially bills of exchange and checks. Discounting is usually carried out by a bank. – Payment by which an invoice is not settled in full: a debt repayment à conto (payment on account), a partial payment or installment. – In the issuance of new securities, the discount (usually expressed as a percentage) resulting from the issue price being lower than the par value in order to attract buyers. – In the case of trading in warrants, the amount (usually expressed as a percentage) by which the purchase of the share via the route of a purchased warrant is cheaper than the direct purchase of this share (opposite: premium). – In the case of a future, a discount means that the contract price is lower than the spot price of the underlying security. – When exchanging regional money into legal tender (EUR), usual reduction of the sum offered for re-exchange. – An advance. – See Abbassamento, Abgeld, Aktienanleihe, Aktienoptionen, Barwert, Basis, Bonbon, Devisentermingeschäft, Discount, Deduction, Einschlag, Kompensation, Option, Rate, Report, Regionalgeld, Rohstoff-Ferminvertrag, Spekulation, Swapsatz, Terminmarkt, Tilgung.
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