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

    The most common type of pass-through is a mortgage-..... certificate, where homeowners' payments pass from the original bank through a government agency or investment bank to investors.

  • 2

    A 'limited partner', who is prohibited from taking part in management and has no liability for debts beyond his/her investment, is a true ..... partner; however, without a limited partnership agreement, s/he is responsible for the debts of the partnership as a general partner.

  • 3

    Multiple listing of equity options that were already being traded as of January 20, 1990, was phased in over a period of time ending in late 1994; thus, by the end of 1994, each option ..... could list any equity option class.

  • 4

    The legal requirements will usually pose no problem, but the lack of a market minimizes the enthusiasm for and utility value of the non-..... stock option plan; still, it offers the most flexibility for the owner-management of a private company to select key personnel and option pricing arrangements to suit management objectives.

  • 5

    MIND C.T.I. Ltd, a leading provider of convergent end-to-end billing and customer care product based solutions for carriers worldwide, today announced the record date and ..... date of the previously declared and announced cash dividend of $0.20 per share.

  • 6

    When this provision is in a lease, a landlord has the power to collect the maximum rent allowed under regulations in effect at the time; the ..... clause provides that if the regulations are altered during the time of the lease, the tenant must pay the new fee computed pursuant to the revised regulations.

  • 7

    With a ..... option, usually the underlying and strike price currency is the foreign one and the currency in which the derivative pays out is domestic, calculated as the option's intrinsic value; this type of investment is paid at a fixed exchange rate, protecting the investor from fluctuations.

  • 8

    ..... reserves must be held in the form of vault cash and if vault cash is insufficient, also in the form of a deposit with a Federal Reserve Bank; an institution that is not a member of the FRS can maintain that deposit directly with a Reserve Bank or with another institution in a pass-through relationship.

  • 9

    I look for a .....-to-cash-flow ratio of less than 15 for a large company that can't grow rapidly; for smaller companies, I look at things in more detail because many small companies can go from a dramatic loss to excellent cash flow in one year if they are adding customers without raising costs too badly.

  • 10

    Companies often ..... their stock when they believe the price of their stock exceeds the amount smaller individual investors would be willing to pay for the stock: by reducing the price of the stock, companies try to make their stock more affordable to these investors.

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