TON

Definition

TON can refer to different concepts depending on the context:

Bond Traders’ Jargon:
- In the world of bond trading, “TON” is a colloquial term referring to $100 million. This term is commonly used among traders to quickly convey the scale of bond transactions.
Measure of Weight:
- Short Ton: Used in the United States, a short ton is equivalent to 2,000 avoirdupois pounds.
- Long Ton: Common in the United Kingdom, a long ton equals 2,240 pounds.
- Metric Ton: Internationally recognized, a metric ton is equivalent to 2,204.6 pounds or 1,000 kilograms.

Examples

Bond Traders’ Jargon:
- “The bond deal was closed for a sum of one TON, indicating a transaction value of $100 million.”
Measure of Weight:
- Short Ton: A truckload of gravel weighed approximately 15 short tons (30,000 pounds).
- Long Ton: The shipment of coal was measured at around 10 long tons (22,400 pounds).
- Metric Ton: The shipment of industrial equipment was reported to weigh 5 metric tons (5,000 kilograms).

Frequently Asked Questions (FAQs)

Q1: What does a ‘TON’ mean in bond trading?

A1: In bond trading, a ‘TON’ refers to $100 million.

Q2: How many pounds are there in a short ton?

A2: There are 2,000 pounds in a short ton.

Q3: What is the weight of a long ton in pounds?

A3: A long ton weighs 2,240 pounds.

Q4: How much does a metric ton weigh in pounds?

A4: A metric ton is equivalent to 2,204.6 pounds.

Q5: Are short tons and long tons used internationally?

A5: Short tons are primarily used in the United States, while long tons are used in the United Kingdom. The metric ton is the international standard.

Avoirdupois Pound: A weight measurement system commonly used in the United States, where 1 pound equals 16 ounces.
Kilogram (kg): The base unit of mass in the International System of Units (SI), where 1 kilogram equals 2.20462 pounds.
Bond: A fixed income instrument that represents a loan made by an investor to a borrower, typically used in the context of bond trading.
Financial Jargon: Specialized language used among financial professionals to communicate quickly and precisely.

Online References

Suggested Books for Further Studies

“Bond Markets, Analysis, and Strategies” by Frank J. Fabozzi
“Statistics and Data Analysis for Financial Engineering” by David Ruppert
“The Concepts and Practice of Mathematical Finance” by Mark S. Joshi
“Weights and Measures Standards of the United States: A Brief History” by Lewis V. Judson

Fundamentals of TON: Finance Basics Quiz

### In bond traders' jargon, what does a 'TON' refer to? - [ ] $1 million - [ ] $10 million - [x] $100 million - [ ] $1 billion > **Explanation:** In the jargon of bond traders, a 'TON' refers to $100 million, used as a quick way to convey large transaction values. ### How many avoirdupois pounds are there in a short ton? - [ ] 1,000 pounds - [x] 2,000 pounds - [ ] 2,240 pounds - [ ] 2,204.6 pounds > **Explanation:** A short ton, commonly used in the United States, is equivalent to 2,000 avoirdupois pounds. ### Which is larger in weight, a short ton or a long ton? - [x] Long ton - [ ] Short ton - [ ] They are the same - [ ] It depends on the country > **Explanation:** A long ton, used mainly in the United Kingdom, is 2,240 pounds, making it larger than a short ton which is 2,000 pounds. ### How many kilograms are there in a metric ton? - [x] 1,000 kilograms - [ ] 2,000 kilograms - [ ] 2,204.6 kilograms - [ ] 10,000 kilograms > **Explanation:** A metric ton is equivalent to 1,000 kilograms. This measurement is widely used internationally. ### Which term is used to describe 2,204.6 pounds? - [ ] Short ton - [ ] Long ton - [x] Metric ton - [ ] None of the above > **Explanation:** A metric ton is equal to 2,204.6 pounds or 1,000 kilograms. ### In the context of measures of weight, what does 'avoirdupois' refer to? - [ ] A metric unit - [ ] A UK-specific measure - [x] A system of weights where 1 pound equals 16 ounces - [ ] A financial term > **Explanation:** 'Avoirdupois' is a system of weights commonly used in the U.S. where 1 pound equals 16 ounces. ### Where is the term 'short ton' primarily used? - [ ] United Kingdom - [x] United States - [ ] Europe - [ ] Australia > **Explanation:** The term 'short ton' is primarily used in the United States, equivalent to 2,000 avoirdupois pounds. ### Which ton measurement is an international standard? - [ ] Short ton - [x] Metric ton - [ ] Long ton - [ ] All the above > **Explanation:** The metric ton, equivalent to 1,000 kilograms or 2,204.6 pounds, is the international standard for measuring weight. ### Which unit is larger in terms of weight? - [ ] Metric ton - [x] Long ton - [ ] Short ton - [ ] They all weigh the same > **Explanation:** The long ton (2,240 pounds) is larger than both the short ton (2,000 pounds) and the metric ton (2,204.6 pounds). ### Which measurement system uses 'pound' and 'ounce'? - [x] Avoirdupois - [ ] Metric - [ ] Imperial - [ ] None of the above > **Explanation:** The avoirdupois system uses 'pound' and 'ounce', where 1 pound equals 16 ounces, common in the U.S.

Thank you for exploring the multifaceted term ‘TON’ and tackling our sample quiz. Whether in finance or weight measurements, mastering these fundamental concepts is crucial for advancing your knowledge.