index-based offer

Index-Based Offer

An offer to buy or sell a security at a floating price based on an index. That is, the price is determined by the value of some index at the time the sale takes place; it is not a set amount.

index-based offer

An offer either to buy or to sell a security at a price based on an index. For example, in 1985 Exxon Pipeline Company offered to purchase up to $100 million principal amount of two of its bond issues at a price that would provide a yield to maturity of 170 points less than the Bond Buyer's 40-Bond Index.

单词	index-based offer
释义	index-based offer Index-Based Offer An offer to buy or sell a security at a floating price based on an index. That is, the price is determined by the value of some index at the time the sale takes place; it is not a set amount. index-based offer An offer either to buy or to sell a security at a price based on an index. For example, in 1985 Exxon Pipeline Company offered to purchase up to $100 million principal amount of two of its bond issues at a price that would provide a yield to maturity of 170 points less than the Bond Buyer's 40-Bond Index.
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