(1) The difference between the average price in Treasury auctions and the stopout price. (2) A future money market instrument (one available some period hence) created by buying an existing instrument and financing the initial portion of its life with a term repo . (3) The extreme ends under a probability curve. (4) The odd amount in a M.B.S. pool .
TAIL
Meaning of TAIL in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012