BIG BOARD Definition

BIG BOARD is the New York Stock Exchange.

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BARBELL is a bond management strategy where maturities are clustered at extremes of the yield curve. For example, the price performance of one-year and 30-year bonds, in combination, may exceed that of a l0-year, even though the average maturity of the two strategies may be equal.

SUBSIDIARY LEDGER is a group of subsidiary accounts the sum of the balances of which is equal to the balance of the related control account in the general ledger.

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