Meaning SMITHSONIAN AGREEMENT: A revision to the Bretton Woods international monetary system that was signed at the Smithsonian Institution in Washington, D.C., in December 1971. Included were a new set of par values, widened bands to +/- 2.25% of par, and an increase in the official value of gold to US$38.00 per ounce
More terms such as Smithsonian Agreement in Dictionary S.
- Definition Stopped:
- Examples specific price on the customer's working order while the dealer tries to obtain a better one. Stopped against one's self involves a customer order and a firm's own account, not two smithsonian agreement definition.
- Definition Selling Short Against The Box:
- Examples that is actually owned by the seller but held in the box, meaning it is held in safekeeping. The seller borrows securities needed to cover as the stock in the box may be inaccessible, or the seller smithsonian agreement explain.
- Definition Secondary Market:
- Examples securities are traded after they are initially offered in the primary market. Most trading occurs in the secondary market. The New York Stock Exchange, as well as all other stock exchanges and the smithsonian agreement what is.
- Definition Stub:
- Examples Often used in risk arbitrage. Piece of equity security left over from a major cash or security distribution from a recapitalization smithsonian agreement meaning.
- Definition Straight-Line Depreciation:
- Examples Amortizing or apportioning an equal dollar amount of depreciation in each accounting period smithsonian agreement abbreviation.
