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Definition of With rights
Purchase of shares in which the buyer is entitled to the rights to buy shares in the company's
Shares trading with rights attached to them.
Securities certificates issued in the U.S. by a transfer agent acting on behalf of the foreign
A right of shareholders in a merger to demand the payment of a fair price for their Shares, as
Number of Shares authorized for issuance by a firm's corporate charter.
Gives the lessee the option to Purchase the asset at a price below fair market
Also called on-the-run or current coupon issues or bellwether issues. In the secondary
Large and creditworthy company.
A mortgage loan on newly developed property that the builder subsidizes during the
To Purchase an asset; taking a long position.
To cover, offset or close out a short position. Related: evening up, liquidation.
A conditional trading order that indicates a security may be Purchased only at the designated
To buy at the end of the trading session at a price within the closing range.
A transaction in which an investor borrows to buy additional Shares, using the Shares
Buy on opening
To buy at the beginning of a trading session at a price within the opening range.
A passive investment strategy with no active buying and selling of stocks from the
Mortgages in which monthly payments consist of principal and interest, with portions of these
Buying the index
Purchasing the stocks in the S&P 500 in the same proportion as the index to achieve the
Purchase of a controlling interest (or percent of Shares) of a company's stock. A leveraged buy-out is
Another term for a repo.
A financial analyst employed by a non-brokerage firm, typically one of the larger money
Cheapest to deliver issue
The acceptable Treasury security with the highest implied repo rate; the rate that a
A transaction in which the Purchaser's intention is to reduce or eliminate a short position in
Related: Unsystematic risk
Cost company arrangement
Arrangement whereby the shareholders of a project receive output free of
In Treasury securities, the most recently auctioned issue. trading is more active in current
Related: Benchmark issues
Refers to establishing and liquidating the same position or positions within one day's trading.
Depository Trust Company (DTC)
DTC is a user-owned securities depository which accepts deposits of
Direct stock-purchase programs
The Purchase by investors of securities directly from the issuer.
A shareholders' rights to receive per-share dividends identical to those other shareholders receive.
Eurobonds that pay coupon interest in one currency but pay the principal in a different
Securities sold in the Euromarket. That is, securities initially sold to investors
In connection with a rights offering, Shares of stock that are trading without the rights attached.
The date on which a share of common stock begins trading ex-rights.
Fully diluted earnings per shares
Earnings per share expressed as if all outstanding convertible securities
A corporation that owns enough voting stock in another firm to control management and
trading by officers, directors, major stockholders, or others who hold private inside
Loan made by one unit of a corporation to another unit of the same corporation.
Transaction carried out between two units of the same corporation.
A particular financial asset.
Issued share capital
Total amount of Shares that are in issue. Related: outstanding Shares.
An entity that issues a financial asset.
Last trading day
The final day under an exchange's rules during which trading may take place in a particular
Leveraged buyout (LBO)
A transaction used for taking a public corporation private financed through the use
The rights of a firm's securityholders in the event the firm liquidates.
Management/closely held shares
Percentage of Shares held by persons closely related to a company, as
Management buyout (MBO)
Leveraged buyout whereby the acquiring group is led by the firm's management.
An operations research technique that solves problems in which an optimal
For mutual funds, the amount required to open a new account (Minimum Initial
Money purchase plan
A defined benefit contribution plan in which the participant contributes some part and
Under the GNMA-II program, pools formed through the aggregation of individual
The market in which a new issue of securities is first sold to investors.
Open-market purchase operation
A systematic program of repurchasing Shares of stock in market
A transaction in which the Purchaser's intention is to create or increase a long position in
Original issue discount debt (OID debt)
Debt that is initially offered at a price below par.
Shares that are currently owned by investors.
Investors are not able to buy all of the Shares or bonds they want, so underwriters must
Shares of stock given to managers on the basis of performance as measured by earnings
Preferred Shares give investors a fixed dividend from the company's earnings. And more
Presold issue An issue
that is sold out before the coupon announcement.
Trades based on signals from computer programs, usually entered directly from the trader's
rights of individuals and companies to own and utilize property as they see fit and to receive
Protective put buying strategy
A strategy that involves buying a put option on the underlying security that is
To buy, to be long, to have an ownership position.
Method of accounting for a merger in which the acquirer is treated as having Purchased
As used in connection with project financing, an agreement to Purchase a specific
Purchase and sale
A method of securities distribution in which the securities firm Purchases the securities
Resembles a sinking fund except that money is used only to Purchase bonds if they are selling
Accounting for an acquisition using market value for the consolidation of the two entities'
Reopen an issue
The Treasury, when it wants to sell additional securities, will occasionally sell more of an
An agreement with a commitment by the seller (dealer) to buy a security back from
Repurchase of stock
Device to pay cash to firm's shareholders that provides more preferable tax treatment
Issuance of "rights" to current shareholders allowing them to Purchase additional Shares,
issue of a security for which there is an existing market. Related: Unseasoned issue.
Seasoned new issue
A new issue of stock after the company's securities have previously been issued. A
1) Procedure for selling blocks of seasoned issues of stocks.
Program by which a corporation buys back its own Shares in the open market. It is usually
Certificates or book entries representing ownership in a corporation or similar entity
Small issues exemption
Securities issues that involve less than $1.5 million are not required to file a
Special drawing rights (SDR)
A form of international reserve assets, created by the IMF in 1967, whose
Specific issues market
The market in which dealers reverse in securities they wish to short.
A firm's rePurchase of outstanding Shares of its common stock.
The sale of an interest rate swap by one counterparty to the other, effectively ending the swap.
The firm buys back its own stock from a potential bidder, usually at a substantial
buying and selling securities.
Costs of buying and selling marketable securities and borrowing. trading costs include
trading of a stock, bond, option or futures contract can be halted by an exchange while news is
CDs Purchased by accounts that are likely to resell them. The term is commonly used in the Euromarket.
The posts on the floor of a stock exchange where the specialists stand and securities are traded.
The difference between the high and low prices traded during a period of time;
issue of a security for which there is no existing market. See: seasoned issue.
A security issue that has no unusual features.
The right to vote on matters that are put to a vote of security holders. For example the right to
The number of Shares of stock that the company is legally authorized to sell.
The number of Shares that the company has sold to the public.
The number of Shares that are in the hands of the public. The difference between issued Shares and outstanding Shares is the Shares held as treasury stock.
A contra account that reduces Purchases by the amount of the discounts taken for early payment.
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