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Equal dollar swap

Definition:

Selling common stock/convertibles in one company and reinvesting the proceeds in as many shares of (1) another type of security issued by the company, or (2) another security of the same type but of another company -- as can be bought with the proceeds of the sale. See: Equal shares swap.

Investing Essentials


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

Term of the Day

Market portfolio

A portfolio consisting of all assets available to investors, with each asset held in proportion to its market value relative to the total market value of all assets.

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