- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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A foregin exchange transaction in which each party promises to pay a certain amount of currency to the other on the same day or within one or two days.
Industry:Financial services
The New York Stock Exchange rule permitting member firms (brokers) to vote in favor of management ten days or less before the meeting, provided that the member firm mailed proxy material to beneficial owners at least 15 business days before the meeting. The rule allows many shares to be voted, which would otherwise not be, to reach a quorum, approve the choice of directors and auditors and handle other routine matters. This rule does not apply to banks, their nominees or their depository positions, nor to non-routine proposals such as approval for the corporation to issue more shares.
Industry:Financial services
Replacement by the issuer of securities with 5-to 12-year maturities with securities of 15-year or longer maturities, in order to delay, reduce, or consolidate payment.
Industry:Financial services
An individual retirement account in the name of an unemployed spouse.
Industry:Financial services
A partial owner of a security, or the holder of some property. See: Lessee.
Industry:Financial services
A security that, in the event of bankruptcy, will be redeemed before any other securities.
Industry:Financial services
A fixed-term trust from which income is distributed to the beneficiary (such as a child of the grantor) to take advantage of a lower tax bracket, and that at the end of the term passes to the grantor's spouse.
Industry:Financial services
Order for the purchase (sale) of one stock and the sale (purchase) of another stock at a stipulated price difference. Contingent order, swap.
Industry:Financial services