• Is a mistake in terms of quantity, type of order, side of market (purchase or sale), security, or other condition of a trade.
| ||Embedded terms in definition|
| ||Referenced Terms|
| ||Error account: Is the destination for the temporary placement of a trade which was involved in an Error transaction. Firms will either take immediate market action to correct the error, or sometimes will keep the position there as they work it out. See Work Out.|
| ||Sequential analysis: Is a small sample, nonparametric method. It does not presuppose sample sizes or probability distributions. It is an effective technique to use when analyzing or monitoring hedge or trading programs. The approach uses Type I and Type II Error frameworks.|
| ||Standard error: In statistics, a measure of the possible Error in an estimate.|
| ||Variance minimization approach to tracking: An approach to bond indexing that uses historical data to estimate the variance of the tracking Error.|
| ||Work out: Is the process to cover a short or liquidate a long position. This activity can be the result of an Error transaction, unsold inventory, or closing out a large position.|
| ||Related Terms|
| ||Benchmark error|
Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...
You can have anything you want--if you want it badly enough. You can be anything you want to be, do anything you set out to accomplish if you hold to that desire with singleness of purpose. – William Adams