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Definition of SDR

SDR Image 1

SDR

Special drawing right, the name given to the "currency" of the IMF.



Related Terms:

Special drawing rights (SDR)

A form of international reserve assets, created by the IMF in 1967, whose
value is based on a portfolio of widely used currencies.


American Depositary Receipts (ADRs)

Certificates issued by a U.S. depositary bank, representing foreign
shares held by the bank, usually by a branch or correspondent in the country of issue. One ADR may
represent a portion of a foreign share, one share or a bundle of shares of a foreign corporation. If the ADR's
are "sponsored," the corporation provides financial information and other assistance to the bank and may
subsidize the administration of the ADRs. "Unsponsored" ADRs do not receive such assistance. ADRs carry
the same currency, political and economic risks as the underlying foreign share; the prices of the two, adjusted for the sdr/ordinary ratio, are kept essentially identical by arbitrage. American depositary shares(ADSs) are
a similar form of certification.


Counterpart items

In the balance of payments, counterpart items are analogous to unrequited transfers in the
current account. They arise because the double-entry system in balance of payments accounting and refer to
adjustments in reserves owing to monetization or demonetization of gold, allocation or cancellation of sdrs,
and revaluation of the various components of total reserves.


American option

An option that may be exercised at any time up to and including the expiration date.
Related: European option


American option

An option that can be exercised any time until its
expiration date. Contrast with European option.



American shares

Securities certificates issued in the U.S. by a transfer agent acting on behalf of the foreign
issuer. The certificates represent claims to foreign equities.


American Stock Exchange (AMEX)

The second-largest stock exchange in the United States. It trades
mostly in small-to medium-sized companies.


SDR Image 1

American-style option

An option contract that can be exercised at any time between the date of purchase and
the expiration date. Most exchange-traded options are american style.


Appraisal rights

A right of shareholders in a merger to demand the payment of a fair price for their shares, as
determined independently.


Cash receipts journal

A journal used to record the transactions that result in a debit to cash.


Cum rights

With rights.


Dividend rights

A shareholders' rights to receive per-share dividends identical to those other shareholders receive.


Ex-rights

In connection with a rights offering, shares of stock that are trading without the rights attached.


Ex-rights date

The date on which a share of common stock begins trading ex-rights.


Extra or special dividends

A dividend that is paid in addition to a firm's "regular" quarterly dividend.


Liquidation rights

The rights of a firm's securityholders in the event the firm liquidates.


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North American Free Trade Agreement (NAFTA)

an agreement among Canada, Mexico, and the United States establishing the North american Free Trade Zone, with a resulting reduction in trade barriers


Property rights

rights of individuals and companies to own and utilize property as they see fit and to receive
the stream of income that their property generates.



rights issue

Issue of securities offered only to current stockholders.


Rights offering

Issuance of "rights" to current shareholders allowing them to purchase additional shares,
usually at a discount to market price. Shareholders who do not exercise these rights are usually diluted by the
offering. rights are often transferable, allowing the holder to sell them on the open market to others who may
wish to exercise them. rights offerings are particularly common to closed end funds, which cannot otherwise
issue additional common stock.


Rights-on

Shares trading with rights attached to them.


Special Charges

Nonrecurring losses or expenses resulting from transactions or events which,
in the view of management, are not representative of normal business activities of the period and
which affect comparability of earnings.


Special dividend

Also referred to as an extra dividend. Dividend that is unlikely to be repeated.


Special Items

Significant credits or charges resulting from transactions or events that, in the
view of management, are not representative of normal business activities of the period and that
affect comparability of earnings. This term is often used interchangeably with nonrecurring
items.


special order decision

a situation in which management must determine a sales price to charge for manufacturing or service jobs outside the company’s normal production/service market


Specialist

On an exchange, the member firm that is designated as the market maker (or dealer for a listed
common stock). Only one specialist can be designated for a given stock, but dealers may be specialists for
several stocks. In contrast, there can be multiple market makers in the OTC market.


Specialized journals

Journals that are used to aid in segregating duties and making the accounting function efficient.


SDR Image 3

Uniformed Services Employment and Reemployment Rights Act of 1994

A federal act that minimizes the impact on people serving in the Armed Forces
when they return to civilian employment by avoiding discrimination and increasing
their employment opportunities.



Voting rights

The right to vote on matters that are put to a vote of security holders. For example the right to
vote for directors.


With rights

Purchase of shares in which the buyer is entitled to the rights to buy shares in the company's
rights issue.



 

 

 

 

 

 

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