tap stock


tap stock
A gilt ( gilts) which has been issued by means of a tap. Identified by the symbol in the Financial Times. A tap issue is where the stock is issued on a tranche by tranche basis into the market, rather than all being issued at the same time. This may arise where the initial issue of the gilt is not a success or when the issue is very large. Where the subsequent issues of the gilt are fairly large, they are referred to as tranches. Smaller issues are referred to as tranchettes. Dresdner Kleinwort Wasserstein financial glossary

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tap stock tap stock stock1

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tap stock UK US noun [C or U] GOVERNMENT, FINANCE, STOCK MARKET
British government bonds made available over a period of time, whenever the government feels it needs to make them available: »

The Bank of England takes unsold stock on to its own books and then sells this as a tap stock over a period of time.


Financial and business terms. 2012.

Look at other dictionaries:

  • tap stock — noun Government bonds, etc to which the public can subscribe at any time • • • Main Entry: ↑tap …   Useful english dictionary

  • tap stock — / tæp stɒk/ noun a government stock issued direct to the Bank of England for sale to investors COMMENT: Government stocks are normally issued in tranches for sale by tender, but small amounts are kept as ‘tap stock’ for direct sale to investors;… …   Dictionary of banking and finance

  • tap stock — /ˈtæp stɒk/ (say tap stok) noun Finance fixed interest securities that are continually available, and so can be purchased at any time …   Australian English dictionary

  • tap stock — A gilt edged security from an issue that has not been fully subscribed and is released onto the market slowly when its market price reaches predetermined levels. Short taps are short dated stocks and long taps are long dated taps …   Accounting dictionary

  • tap stock — A gilt edged security from an issue that has not been fully subscribed and is released onto the market slowly when its market price reaches predetermined levels. Short taps are short dated stocks and long taps are long dated taps …   Big dictionary of business and management

  • stock — physical items ( inventory) that a business uses in its production process or has for sale in the ordinary course of doing business. Glossary of Business Terms Ownership of a corporation indicated by shares, which represent a piece of the… …   Financial and business terms

  • Stock — Ownership of a corporation which is represented by shares which represent a piece of the corporation s assets and earnings. The New York Times Financial Glossary * * * ▪ I. stock stock 1 [stɒk ǁ stɑːk] noun 1. [countable, uncountable] especially… …   Financial and business terms

  • stock — 1) A fixed interest security issued by the government, local authority, or a company in fixed units, often of £100 each in the UK and $1000 in the USA. They usually have a redemption date on which the par value of the unit price is repaid in full …   Accounting dictionary

  • stock — 1) In the UK, a fixed interest security (see gilt edged security) issued by the government, local authority, or a company in fixed units, often of £100 each. They usually have a redemption date on which the par value of the unit price is repaid… …   Big dictionary of business and management

  • tap — /tæp/ noun same as tap stock ■ verb to get finance by borrowing from investors, lenders, etc …   Dictionary of banking and finance