Meff Renta Fija

Definition:

The derivatives exchange in Barcelona, Spain, listing futures and options on fixed-interest securities and on interest rates, including the MIBOR (Madrid Interbank Offered Rate).

Investing Essentials


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

Term of the Day

Liquid

In context of securities, easily traded or converted to cash. In context of a corporation, the state of having enough cash and cash equivalents to cover short-term obligations.

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