See Also: Net asset value arbitrage(finance)
Net asset value arbitrage(money)
Asset for asset swap(money)
Asset for asset swap(finance)
Tax arbitrage(money)
arbitrage(dictionary)
arbitrage(encyclopedia)
arbitrage(dictionary)
Arbitrage(money)
Arbitrage(finance)

protective (iou) and Net asset value arbitrage (money)


protective (iou)



protective adjective & noun. M17.
[from PROTECT + -IVE.]
A. adjective.
Having the quality or character of protecting; tending to protect; defensive; preservative. M17.
Day Lewis He was..protective, taking my side against the..world. R. Thomas Keeping to the protective shadows, Mari followed him. V. Bramwell On sunbeds..wear protective goggles.
b. Electricity. Providing protection against too high a current or voltage. L19.
c. Of Food: providing protection against deficiency diseases. M20.
Economics. Of or pertaining to the theory or practice of the protection of domestic Industries from the competition of foreign goods. E19.
Chemistry.
a. Having the quality or property of protecting a sol. Chiefly in protective colloid below. E20.
b. Preventing a group or molecule from alteration or removal. M20.
Special collocations: protective arrest the detention of a person for his or her own protection. protective clothing clothing worn to shield the body from dangerous substances or a hostile environment. protective colloid a lyophilic colloid whose presence in small quantities protects a lyophobic sol. protective coloration, protective colouring Zoology cryptic or mimetic colouring that enables an animal to conceal or disguise itself. protective custody = protective arrest above.
b. noun. A thing which protects someone or something; spec. a condom. L19.
protectively adverb M19.
protectiveness noun M19.

Net asset value arbitrage (money)


Definition: [crh] For a number of assets, the most recent transaction price at 4PM ET does not fully reflect all available market information. One example is international Equities that trade on exchanges that aDefinition: re located in different time zones and close 2-15 hours before U.S. markets. In addition, domestic small-capitization Equities and high-yield and convertible bonds often trade infrequently and have wDefinition: ide bid-ask spreads. This can cause the most recent transaction price to be much different from the price that one would see in a liquid market at 4 PM, even for assets that trade on exchanges that aDefinition: re open at that time. Investors can take advantage of mutual funds that calculate their NAVs using stale closing prices by trading based on recent market movements. For exampDefinition: le, if the U.S. market has risen since the close of overseas equity markets, investors can expect that overseas markets will open higher the following morning. Investors can buy a fund with a stale-pDefinition: rice NAV for less than its current value, and they can likewise sell a fund for more than its current value on a day that the U.S. market has fallen. Similar opportunities exisDefinition: t when the values of infrequently or illiquidly-traded domestic assets have recently changed. Also known as Stale Price Arbitrage.