Business / Finance / Matched Sale Transaction: Applies mainly to convertible securities. Procedure whereby the Federal Reserve Bank of New York sells government securities to a nonbank dealer against payment in federal funds. The agreement requires the dealer to sell the securities back by a specified date, which ranges from 1 to 15 days. The Fed pays the dealer a rate of interest equal to the discount rate. These transactions, also called reverse repurchase agreements, decrease the money supply for temporary periods by reducing dealers' bank balances and thus excess reserves.
Sale Noun Synonyms: selling, traffic, vending, marketing, trafficking, trading, trade, exchange, transaction
Transaction Adjective Synonyms: deal, dealing, negotiation, matter, affair, business, action, proceeding, agreement, arrangement, bargain
Business / Finance / Sales Charge: The fee charged by a mutual fund at purchase of shares, usually payable as a commission to a marketing agent, such as a financial adviser, who is thus compensated for assistance to a purchaser. It rep MORE
Business / Real Estate / Sales Comparison Approach: The process of estimating the value of a property by examining and comparing actual sales of comparable properties. MORE