Quotation

Definition:

Highest bid and lowest offer (asked) price currently available on a security or a commodity.

Investing Essentials


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

Term of the Day

Negative convexity

A bond characteristic such that the price appreciation will be less than the price depreciation for a large change in yield of a given number of basis points. For example, a fixed-rate mortgage may... Read More

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


Create your free portfolio