The address of the New York Stock Exchange in New York. Wall Street is generally automatically associated with the New York Stock Exchange, one of the world's major securities exchanges.
Like options, warrants certify the right to buy (call warrant), or to sell (put warrant), a certain underlying, e.g. stocks or bonds, at a previously specified price during (American-style warrant), or at the end (European-style warrant), of a certain term. In contrast to an option, a warrant is not a standardized instrument, i.e. the warrants of various issuers - usually banks - have different features relating to, for example, the term.
Off-exchange trading in newly issued securities prior to availability for delivery (or settlement). Often referred to as the 'grey market'. Not to be confused with the 'grey capital market' and its often dubious sales techniques.
Profits accruing to a company as a result of a general change in the market sitution rather than the company's own efforts. If, for instance, the price of a commodity soars due to political or economic developments, the energy-producing company earns windfall profits without any rise in production costs.
Withholding tax is payable in many countries (e.g. in the U.K., U.S.A., France). It is usually between 20% and 30% and is deducted at source on capital income such as interest and dividends. Companies pay tax deducted from interest payments and dividends directly to the tax authorities. For investors receiving interest and dividends, withholding tax paid is an advance income tax payment. Income tax is also a withholding tax.
Special form of investment income tax payable on interest from balances and deposits at domestic banks. Tax is withheld by the banks when interest is credited or paid to the account (hence the term withholding tax) and paid over to the tax authorities. For investors, withholding tax on interest income is, like a tax prepayment, counted towards the final income tax liability.
Net current assets. A ratio used in static balance sheet analysis designed to track changes in a company's liquidity. It shows the difference between current assets and short and medium-term debt. In cash flow accounting, changes in working capital are used to assess a company's liquidity and financial situation.