Glossary
- Transparent market
- The degree to which trade and quotation information is available to the public on a current basis.
- Treasury bills
- Short-term obligations of a government issued for periods of one year or less. Treasury bills do not carry a rate of interest and are issued at a discount on the par value. Treasury bills are repaid at par on the due date.
- Treasury bonds
- Government obligations with maturities of 10 years or more.
- Treasury notes
- Government obligations with maturities greater than one year but less than 10 years.
- Treasury stock
- Previously issued stock that has been repurchased by, or donated to, or otherwise reacquired by the issuing firm. Treasury stocks pay no dividends and have no voting privileges.
- Triple-witching
- The simultaneous expiry of index futures, index options and individual stock options.
- Turnover
- The total money value of securities traded, as calculated by multiplying price by the number of securities traded.
