what is a "split-off"?
Category: glossary by I. Duran from Lowell, United States
A type of corporate reorganization whereby the stock of a subsidiary is exchanged for shares in a parent company. This is a somewhat rare situation. For example, Viacom announced a split off of its interest in Blockbuster in 2004 whereby Viacom offered its shareholders stock in Blockbuster in exchange for an appropriate amount of Viacom stock.
what is the "third market"?
Category: glossary by E. Y. From United States
"third market " is The trading of exchange-listed securities in the over-the-counter market.
Is there any forex platform that has no commission charges you can suggest for me
Category: money by Ross V. From Canada
We recommend "etoro.com". They don't charge any commission in this site, the platform graphics are the best, the minimum deposit is also really comfortable - only $50, plus the service is a-list.
do you know what "kiting" is?
Category: glossary by Nevaeh R. From Hartford, United States
a "kiting " is 1. The act of misrepresenting the value of a financial instrument for the purpose of extending credit obligations or increasing financial leverage. 2. A fraudulent act involving the alteration or issuance of a check or draft with insufficient funds. 1. Kiting generally occurs when securities firms fail to deliver securities of buy and sell transactions in a timely manner (before the three-day settlement period). The firm failing to receive the securities is required to purchase the shortage on the open market and charge the delinquent firm any associated fees. The delinquent firm is practicing the fraudulent act of kiting if it fails to purchase the securities on the open market and maintains a short position, delays delivery or takes part in transactions contrary to SEC regulations regarding the proper settlement of trades. 2. In the past, clearing checks between banks took extended periods of time. Individuals used to take advantage of this delay and wrote "bad" checks to deposit funds before the checks were cashed. Banks have tried to cut down on kited checks by placing holds on deposited funds and charging for returned checks. Both of these kiting practices are considered illegal.
please define an "intestate"
Category: glossary by H. Sawyer from Shreveport, United States
The act of dying without a legal will. Determining the distribution of the deceased's assets then becomes the responsibility of a probate court. To have died "in intestacy" means a court-appointed executor will compile any assets of the deceased, pay any liabilities and distribute the assets to those parties deemed as beneficiaries. To ensure that your friends and loved ones receive the contents of your estate upon your passing on, it is extremely important to make a will, or have a will made on your behalf by a lawyer qualified to do so.
please define a "back fee"
Category: glossary by B. Weber from Canada
the "back fee " is The premium charged upon the second term or portion of a compound option. In other words, the back fee is the fee paid by the owner of a compound option to the owner of the underlying option when the compound option is exercised.
do you know what a "directional trading" is?
Category: glossary by Z. E. From United States
the "directional trading " is A general term referring to the strategy used by investors that open positions, either long or short, on the belief that they are able to correctly predict the movement of price in a security. Simple investing. If you think a security is going up, you buy, if you think the security is going down, you sell. This is directional trading, no complicated strategies.
Can you help a guy who needs an online fx platform that has a secure server connection?
Category: technical by Taylor W. From Monaco
If you seek an online fx platform that has the fastest connection, we definitely advice you to check out "etoro.com". Members are often content with the sign in process to the platform. You never bump into most of the usual disturbances you get to deal with communicating with this type of occupied servers. The connection is completely interruption free. And it's pretty simple to activate the forex platform.
do you know what a "proof of title" is?
Category: glossary by W. Steele from Evansville, United States
In the UK, when a claimant makes a claim in respect of life assurance, he will have to provide evidence of identity and that he is entitled to the proceeds, invariably by submitting the policy document. In the event of a claim following the death of the l