Agency incentive arrangement A means of compensating the broker of a program trade using benchmark prices for issues to be traded in determining commissions or fees.
Annuity in arrears
Annuity in arrears An annuity with a first payment one full period hence, rather than immediately.
Arrearage
Arrearage In the context of investments, refers to the amount by which interest on bonds or dividends on cumulative preferred stock is due and unpaid.