Author: investmentbanking
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When Issued
A short form of &when, as and if issued.& The term indicates a conditional transaction in a security authorized for issuance but not as yet actually issued. All &when issued& transactions are on an &if& basis, to be settled if and when the actual security is issued and […]
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Working Control
Theoretically, ownership of 51% of a company’s voting stock is necessary to exercise control. In practice – and this is particularly true in the case of a large corporation – effective control sometimes can be exerted through ownership, individually or by a group acting in concert, of less […]
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Voting Right
Common stockholders’ right to vote their stock in affairs of a company. Preferred stock usually has the right to vote when preferred dividends are in default for a specified period. The right to vote may be delegated by the stockholder to another person. (See: Cumulative voting, Proxy)…
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Warrants
Certificates giving the holder the right to purchase securities at a stipulated price within a specified time limit or perpetually. Sometimes a warrant is offered with securities as an inducement to buy. (See: Rights)…
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Unlisted Stock
A security not listed on a stock exchange. (See: Over-the-counter)…
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Up Tick
A term used to designate a transaction made at a price higher than the preceding transaction. Also called a &plus& tick. A &zero-plus& tick is a term used for a transaction at the same price as the preceding trade but higher than the preceding different price. Conversely, a down […]
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Turnover Rate
The volume of shares traded in a year as a percentage of total shares listed on an exchange, outstanding for an individual issue or held in an institutional portfolio….
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Trading Floor
(See: Floor)…
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Ticker
A telegraphic system that continuously provides the last sale prices and volume of securities transactions on exchanges. Information is either printed or displayed on a moving tape after each trade….
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Third Market
Exchange-listed securities trading in the OTC market….
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Trading Post
The structure on the floor of the New York Stock Exchange at which stocks or options are bought and sold….
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Street Name
Describes securities held by a broker on behalf of a client but registered in the name of the Wall Street firm….
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The Commodity Futures Trading Commission (Cftc)
Created by Congress in 1974 to regulate exchange trading in futures….
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Swapping
Selling one security and buying a similar one almost at the same time to take a loss, usually for tax purposes….
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Stop Order
An order issued by competent authority to prevent the doing of an act, such as the trading in the shares of a particular corporation in the stock exchange or the continuance of building operations without obtaining a building permit or complying with a work order.