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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Concentration Ratio
Ratio indicating the relative size of companies in respect to their industry in general. Low concentration ratio denotes higher competition among t ...
Back-To-Back Letters Of Credit
Two letters of credit (LCs) utilized together to aid a merchant in financing the buying of services or equipment from a subcontractor. With the aut ...
Stock Market Crash of 1987
Rapid and one of the most severe downturn in stock prices which took place on October 19, 1987. Following five days of intensifying stock market pl ...
Z-Score
“Z-Score” is a statistical measurement showing the relationship of the score to the mean. It can be positive or negative, which means t ...
Premium
The total cost of an option.
The difference between the higher price paid for a fixed-income secur ...
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