Substitute sale

Definition:

A method for hedging price risk that uses debt market instruments, such as interest rate futures, or that involves selling borrowed securities as the primary assets.

Investing Essentials


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

Term of the Day

Dependent variable

Term used in regression analysis to represent the element or condition that is dependent on values of one or more other independent variables.

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