Financial and business terms. 2012.
initial margin (initial performance bond) — The funds required when a futures position (or a short options on futures position) is opened. See performance bond … Financial and business terms
performance bond — A type of insurance purchased by a builder that protects both the bank and the owner by providing that the insurance company will be responsible for completing construction if the contractor fails to do so. American Banker Glossary A surety bond… … Financial and business terms
maintenance performance bond — The minimum equity that must be maintained for each contract in a customer s account subsequent to deposit of the initial performance bond. If the equity drops below this level, a deposit must be made to bring the account back to the initial… … Financial and business terms
maintenance margin (performance bond) — A sum, usually smaller than the initial performance bond, which must remain on deposit in the customer s account for any position. A drop in funds below this level requires a deposit back to initial margin levels. See performance bond call … Financial and business terms
member performance bond — The minimum equity that must be maintained for each contract in a member s account subsequent to deposit of the initial margin. Also see MEMBER RATE. Chicago Mercantile Exchange Glossary … Financial and business terms
initial margin — The amount a futures market participant must deposit into his margin account at the time he places an order to buy or sell a futures contract. Also referred to as original margin. Chicago Board of Trade glossary When a customer establishes a… … Financial and business terms
Bond insurance — (also known as financial guaranty insurance ) is a type of insurance whereby an insurance company guarantees scheduled payments of interest and principal on a bond or other security in the event of a payment default by the issuer of the bond or… … Wikipedia
Bond (finance) — In finance, a bond is a debt security, in which the authorized issuer owes the holders a debt and, depending on the terms of the bond, is obliged to pay interest (the coupon) to use and/or to repay the principal at a later date, termed maturity.… … Wikipedia
Bond market — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal … Wikipedia
Hiram Bond — Judge Hiram Bond was born in 1838 in Farmersville, Cattaraugus County, New York in 1838 and died in Seattle in 1906. He was a corporate lawyer, investment banker and an investor in various businesses including gold mining. He was the son of Hiram … Wikipedia
