LOBSTER TRAP
A strategy utilized by the target company to avoid a hostile takeover. This anti-takeover strategy includes the passing a provision that stops any shareholder with more than 10% shares from converting securities such as convertible bonds, warrants, and convertible preferred stock into a voting stock. Lobster trap prevents big shareholders from adding to their voting stock position and facilitating takeover of the target firm. The term derived from traps that aim to catch large lobsters.
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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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Principles of Trading: Record Keeping and Taxation
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