Business buzzwords: The best valuator

Please choose the most appropriate answer for each sentence.
  • 1

    We believe that owner/managers are the best valuators of their business, so when one is willing to trigger a ..... clause, the best indication of value has been given - an insider has declared his price, and we're ready to respond quickly: we can close transactions in less than 5 days of first making contact.

  • 2

    Moral ..... is the risk that the presence of a contract will affect on the behavior of one or more parties; the classic example is in the insurance industry, where coverage against a loss might increase the risk-taking behavior of the insured.

  • 3

    ..... Processing (STP), a solution that automates the end-to-end processing of transactions for all financial instruments from initiation to resolution, is set to revolutionize the financial industry; it will streamline back office activities, leading to reduced failures, lower risks, and significantly lower costs per transaction.

  • 4

    To complain about abusive ..... callers, write down the name of the caller, the name of the firm, the date and time of the call or calls, what the caller said to you, and what you said to the caller; you can send your complaint to either the SEC or your state's securities regulator.

  • 5

    A market dominated by program trading offers lots of sharp, short-term volatility but not much in the way of long-term direction, and the short ..... is well-suited to this kind of volatility, resting as it does on reading the bets that short sellers are making that specific stocks will fall and then buying the very stocks that the shorts are selling.

  • 6

    The two greatest traders that ever lived, Bertram J. Seligman and Jesse Livermore, taught that a successful manipulation must always be in the direction that the market wants to take; any other manipulation not only fails, but will also create a ..... market that goes further in the direction of its intention than it would have gone in the first place.

  • 7

    When a market order arrives, the NYSE specialist can offer a price one tick better than the limit orders on the book and trade for his own account; alternatively, the specialist can '.....' the market order, which means he guarantees execution at the current quote but provides the possibility of price improvement.

  • 8

    Commodity markets are beginning to show early signs of inflationary trends: the Producer Price Index for October showed the largest gain in 22 months, and in addition to the ..... in producer prices, the Commodity Research Bureau Index (CRB) has surged 11% since July.

  • 9

    Prudential's new chief executive Mark Tucker is to receive a ..... hello of almost 500,000; Tucker, who was poached from his position as finance director at retail bank HBOS earlier this year, will be paid a special guaranteed bonus of 475,000, which the Prudential declared is a 'one-off'.

  • 10

    The three traders were accused of the long-forbidden practice of '.....', where a broker takes a customer's order to buy or sell soybeans or other commodities but, instead of making the transaction on the open market, the trader arranges a private rigged deal that can bring him an illegal profit.

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