GROSS PARITY


Meaning of GROSS PARITY in English

Mainly applies to convertible securities and international equities. Antithesis of net parity . For the price of a convertible = including accrued interest . For the price of international security = including commissions, fees, stamp duty and other transaction costs, translated into U.S. dollar amounts.

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.