External market

Definition:

Also referred to as the international market, the offshore market, or, more popularly, the Euromarket. A mechanism for trading securities that at issuance (1) are offered simultaneously to investors in a number of countries and (2) are issued outside the jurisdiction of any single country. Related: Internal market.

Investing Essentials


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

Term of the Day

Special Claim on Residual Equity (SCORE)

A certificate that entitles the owner to the capital appreciation of an underlying security, but not to the dividend income from the security.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio