AT A DISCOUNT
This particularly points to a stock which is sold for lower than its par or nominal value. At a discount also connotes to stocks or other securities that are sold beneath the present market value, the same to a sale on goods at a retail establishment.
The par or nominal value for a security, specified in the company charter, is the lowest price that a stock of a specific class can be sold after an initial public offering. Majority of states have laws restricting companies from issuing stocks at a price less than par.
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Secondary Mortgage Market
Secondary Mortgage Market is a market wherein mortgage aggregators, securitizers, originators, and investors go to buy and sell mortgage loans and ...
Giffen Good
Good for which demand rises as the price escalates, and declines when the price decreases. It has an upward-sloping demand curve, contrary to the f ...
Inactivity Fee
Fee charged to investors by brokerages for infrequent trading in their brokerage accounts to meet the minimum trading requirement
CVE
Currency abbreviation for the Cape Verde escudo, the official currency of the Republic of Cape Verde. The CVE subunit is called the centavo. Instea ...
Product Recall Insurance
An insurance that covers the costs involved in recalling possibly defective products made by the insured.
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