Relative Spread definition

Relative Spread with respect to any Note and any date of determination shall mean the ratio of the Interest Rate of such Note to the weighted average as of such date of determination (prior to taking into account any payments made on account of principal as of such date) of the Interest Rates on all the Notes based on their Principal Balances.
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Relative Spread means any of the Note A Relative Spread or the Note B Relative Spread, as the context may require.
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Relative Spread means, with respect to each Note, the ratio of the related Note Rate to the Mortgage Loan Rate.
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Examples of Relative Spread in a sentence

  • Therefore, relative to the Asian Index the funds over-invest in Korea by 9.05% and under-invest in Taiwan by 0.27% as measured by % Relative Spread.

  • The effective spread takes into account the possibility of a transaction within the spread, although in practice this is rare on the Paris stock exchange.9 The relative effective spread relates the spread to the midpoint of the spread10: Effective Relative Spread = Midpoint , where Ask Price + Bid PriceMidpoint =2 .

  • We expect that firm-level governance and accounting quality will matter more to foreign institutional investors in countries with weaker country-level shareholder protection laws.We also estimate equation 4 using % Relative Spread as the dependent variable at the firm-level in order to examine the characteristics of firms in which investment is under or over weighted relative to the MSCI index.

  • DJIA 30ASX 20 NYSE388 TSE342LSE266 Relative Spread (b.p.)We plot below the average relative quoted and average effective spreads in DJIA 30 stocks, ASX 20 stocks, together with the 266 LSE, 388 NYSE and 342 Tokyo stocks identified by our matched-pair procedure for 2002 (Q4) to 2003 (Q3).

  • In this paper, we use three proxies to capture stock liquidity, namely Absolute Spread, Relative Spread and Amihud Ratio.

  • Electronic trading systems require a standardized method for identifying financial instruments to facilitate the clearing and settlement of trades and other transactions.

  • In contrast, Relative Spread (see, e.g., Holden, Jacobsen, and Subrahmanyam (2014)), the difference between the logarithm of the best offer price and the logarithm of the best bid price, and Amihud (2002) measure, the stock`s absolute return divided by its dollar volume, define the level of a stock`s illiquidity.

  • It is not the case of the Petitioner that this document was not in the knowledge of its officers.

  • While school buses ensure that in Huron County, access to free public education is provided to both urban and rural children, proximity to schools is a key consideration for low-income residents.

  • For each firm the daily Relative Spread is computed in a similar manner as Busch and Obernberger (2016).


More Definitions of Relative Spread

Relative Spread means any of the Note A-1-A Relative Spread, Note A-1-B Relative Spread, Note A-1-C Relative Spread or Note A-1-D Relative Spread, as the context may require.
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Relative Spread means Senior Note Relative Spread or Junior Note Relative Spread, as the context may require.
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Related to Relative Spread

  • Applicable Spread means, in connection with the Maximum Rate for any Rate Period (and subject to adjustment as described in the definition of Maximum Rate) (i) when there is not a Failed Remarketing Condition, 200 basis points (2.00%), and (ii) while a Failed Remarketing Condition has occurred or is continuing, 200 basis points (2.00%) (up to 59 days of a continued Failed Remarketing Condition), 225 basis points (2.25%) (sixty (60) days but fewer than ninety (90) days of a continued Failed Remarketing Condition), 250 basis points (2.50%) (ninety (90) days but fewer than 120 days of a continued Failed Remarketing Condition), 275 basis points (2.75%) (120 days but fewer than 150 days of a continued Failed Remarketing Condition), 300 basis points (3.00%) (150 days but fewer than 180 days of a continued Failed Remarketing Condition), and 400 basis points (4.00%) (180 days or more of a continued Failed Remarketing Condition); provided that, if at any time when the Applicable Spread is 225 basis points (2.25%), 250 basis points (2.50%), 275 basis points (2.75%), 300 basis points (3.00%) or 400 basis points (4.00%) and the Failed Remarketing Condition no longer exists due to the successful remarketing of all Purchased VRDP Shares, then such Applicable Spread of 225 basis points (2.25%), 250 basis points (2.50%), 275 basis points (2.75%), 300 basis points (3.00%) or 400 basis points (4.00%) will continue to be the Applicable Spread in connection with determining the Maximum Rate in effect for each Rate Period commencing with the first Subsequent Rate Period after the Failed Remarketing Condition no longer exists through and including the first Subsequent Rate Period ending on or after the 45th day after the day the Failed Remarketing Condition no longer exists; provided, further, that (i) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 225 basis points (2.25%), the date such new Failed Remarketing Condition occurs will be deemed to be the 60th day of a continued Failed Remarketing Condition, (ii) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 250 basis points (2.50%), the date such new Failed Remarketing Condition occurs will be deemed to be the 90th day of a continued Failed Remarketing Condition, (iii) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 275 basis points (2.75%), the date such new Failed Remarketing Condition occurs will be deemed to be the 120th day of a continued Failed Remarketing Condition, (iv) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 300 basis points (3.00%), the date such new Failed Remarketing Condition occurs will be deemed to be the 150th day of a continued Failed Remarketing Condition and (v) if a new Failed Remarketing Condition occurs prior to the end of such period and the Applicable Spread is then 400 basis points (4.00%), the date such new Failed Remarketing Condition occurs will be deemed to be the 180th day of a continued Failed Remarketing Condition, in each case, solely for purposes of determining the Applicable Spread.

  • Weighted Average Spread means, with respect to Floating Rate Obligations (in each case excluding Defaulted Loans), as of any date, the number obtained by:

  • Weighted Average Floating Spread means, as of any date of determination, the number, expressed as a percentage, obtained by summing the products obtained by multiplying, in the case of each Floating Rate Loan (excluding Defaulted Loans) on an annualized basis, the Spread of such Loans (including commitment, letter of credit and all other fees), by the Outstanding Loan Balance of such Loans as of such date and dividing such sum by the aggregate Outstanding Loan Balance of all such Floating Rate Loans and rounding the result up to the nearest 0.01%; provided that the Spread of any Revolver Loan which is not fully funded shall be the sum of:

  • Weighted Average Coupon means, with respect to Fixed Rate Obligations (excluding Defaulted Loans), as of any date, the number obtained by:

  • Weighted Average SOFR means the arithmetic mean of SOFR in effect for each Business Day during the relevant Interest Period, calculated by multiplying the relevant SOFR by the number of calendar days such SOFR is in effect, determining the sum of such products and dividing such sum by the number of calendar days in the relevant Interest Period, provided however that during a Suspension Period, the SOFR for each day during that Suspension Period will be the value for the Business Day immediately prior to the first day of such Suspension Period. For purposes of this provision “Suspension Period” is the number of Business Days prior to the end of the relevant Interest Period as specified in the applicable pricing supplement.