"Clean your skirts"

Definition:

In the context of general equities, i.e. "make all your obligated calls" check with all prior obligations in a security. Often preceded by "subject to."

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Presidential election cycle theory

A theory that stock market trends can be predicted and explained by the four-year presidential election cycle.

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