Convertibles: Earning interest on the date of payment only. Bloomberg Financial Dictionary
————
Market slang to indicate when a position has been evened up or closed out. Chicago Mercantile Exchange Glossary
* * *
▪ I. flat flat 1 [flæt] adjective [only before a noun]
1. ECONOMICS a flat fee, price etc is fixed and does not change or have anything added to it:
• Subscribers to the service have to pay a flat charge each month.
2. ECONOMICS if a market, economy etc is flat or sales are flat, levels of trade or sales are not increasing:
• In the USA, car sales were flat although truck sales increased.
• As demand for the company's products stays flat and costs remain high, half-year profits have fallen by 70% to £15.1 million.
3. FINANCE if the stockmarket is flat, prices are not rising or falling:
• The share market closed flat after spending the day trapped in a 10 point range.
[m0]
▪ II. flat flat 2 noun [countable] PROPERTY a place where people live that consists of a set of rooms, usually on one floor, which are part of a larger building;
= APARTMENT:
• Prices start from £89,995 for one-bedroom flats.
• The building was knocked down to make way for a block of flats (= a large building divided into many separate flats ) .
[m0] ▪ III. flat flat 3 adverb
1. fall flat if something you are doing or planning falls flat, it is unsuccessful:
• Their plans to build a retirement home in Spain fell flat.
2. flat out informal if you work flat out, you work as fast as possible:
• Working flat out, the men completed the work by about ten-thirty on Saturday morning.
* * *
The price of a share or financial instrument that is neither rising nor falling; also called sideways. Also, a bond that is trading without accrued interest, such as a bond in default, and a position in a market, or a financial instrument, which is balanced - neither long nor short -are referred to as flat.
* * *
Ⅰ.
flat UK US /flæt/ adjective (flatter, flattest)
► COMMERCE,
FINANCE »
Demand for our machinery abroad is increasing, while growth is flat at home.
► STOCK MARKET »
The market remained at 9,000 points after a flat day of trading yesterday.
► »
He submitted a flat price for completing the work, including all labour and materials.
► HR »
Companies with a flat organizational structure can usually make decisions more quickly.
Ⅱ.
flat UK US /flæt/ noun [C]
► UK PROPERTY »
a furnished/unfurnished flat
»
a block of flats
»
He works as a property developer, buying, renovating and selling on flats in the capital.
Ⅲ.
flat UK US /flæt/ adverb