Business / Finance / Adjusted Exercise Price: Term used in options on Ginnie Mae (Government National Mortgage Association) contracts. The final exercise price of the option accounts for the coupon rates carried on Ginnie Mae mortgages. For example, if the standard GNMA mortgage has an 9% yield, the price of GNMA pools with 13% mortgages in them is altered so that the investor receives the same yield.
Exercise Adjective Synonyms: employ, apply, practise, bring to bear, put to use or effect, discharge, exert, wield, execute, utilize, effect
Exercise Verb Synonyms: harass, annoy, irritate, vex, harry, distress, worry, concern, burden, try, trouble, perturb, disturb, agitate, make nervous, drive crazy, drive up the wall
Exercise Noun Synonyms: work out, limber up, warm up, train, drill
Price Verb Synonyms: sacrifice, toll, penalty, cost, consequence
Price Noun Synonyms: charge, cost, expense, expenditure, outlay, payment, amount, figure, fee, quotation, appraisal, value, valuation, evaluation, worth
Business / Finance / Nominal Exercise Price: The exercise price of a GNMA option contract, which equals the unpaid principal balance multiplied by the adjusted exercise price. MORE
Business / Finance / Price List: A schedule that associates prices with individual products. This list allows you to forecast sales in units and still create projections in dollars. See also Discount List. MORE