Red herring

Definition:

A preliminary prospectus providing information required by the SEC. It excludes the offering price and the coupon of the new issue.

Investing Essentials


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

Term of the Day

Currency Exchange Risk

Uncertainty about the rate at which revenues or costs denominated in one currency can be converted into another currency.

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