CUSTODY-ONLY TRADING
System in which shares can only be traded if the holder’s name appears on the stock certificate. This trading requires any stock purchases or transfers placed through the issuing firm’s transfer agent. The agent cancels the shares from the seller and releases a new share certificate for the same number of shares to the buyer. Companies use this system to be protected against naked short selling.
POPULAR TERMS
Affirmative Covenant
A kind of contract or promise that requires a party to conduct some action. For example, a bond covenant which provides that the issuer must delive ...
Pure Risk
A risk where loss is the only potential outcome; there is no positive result. A pure risk is related to events that are out of control of the risk- ...
Efficiency
Performance level describing a process which uses the lowest amount of inputs to come up with the greatest amount of inputs. It is relative to usin ...
Tax Free
Goods and/or financial products that are not taxable. Having the tax free status allows an entity to save money and encourages additional spending ...
Reprice
A situation that is most often allowed for company executives or high-level employees. It permits them to trade in their options that out of the mo ...
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