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Exchange privilege
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Exchange privilegeA mutual funds shareholder's right to switch from one fund to another within one fund family, usually at no additional charge.
RELATED TERMS--------------------------------------
Right
Privilege granted shareholders of a corporation to subscribe to shares of a new issue of common stock before it is offered to the public.
Fund
To provide money for a specific purpose; an amount of money saved for a specific purpose.
Charge
The document evidencing mortgage security required by Crown Law (law derived from English law).
SIMILAR TERMS--------------------------------------
Exchange
A marketplace in which shares, options and futures on stocks, bonds, commodities, and indexes are traded.
Exchange controls
Government restrictions on the purchase of foreign currencies by domestic citizens or on the purchase of the local domestic currency by foreigners.
Exchange distribution
A sale on an exchange floor of a large block of stock in a single transaction. A broker bunches a large number of buy orders and sells the block all at once.
Exchange fund
Investment vehicle introduced in 1999 that appeals to wealthy investors with large holdings in a single stock who want to diversify without paying capital gains taxes.
Exchange of assets
Acquisition of another company by purchase of its assets in exchange for cash or stock.
Exchange of stock
Acquisition of another company by purchase of its stock in exchange for cash or shares.
Exchange offer
An offer by a firm to give one security, such as a bond or preferred stock, in exchange for another security, such as shares of common stock.
Exchange rate
The price at which one currency can be exchanged for another one.
Exchange rate mechanism (ERM)
The methodology by which members of the EMS maintain their currency exchange rates within an agreed-upon range with respect to other member countries.
Exchange rate risk
Also called currency risk; the risk that an investment's value will change because of currency exchange rates.
Exchange ratio
The number of new shares in an acquiring firm that are given for each outstanding share of an acquired firm.
Exchange risk
The variability of a firm's value that results from unexpected exchange rate changes, or the extent to which the present value of a firm is expected to change as a result of a given currency's appreciation or depreciation.
Exchange Traded Funds (ETF)
Similar to an index mutual fund, these tracking stocks trade continuously.
Exchange, The
A nickname for the New York Stock Exchange. Also known as the Big Board, where more than 2000 common and preferred stocks are traded.
Exchangeable
Applies mainly to convertible securities. Means the issuer, if so stated, may substitute a convertible debenture for an existing convertible preferred with identical terms.
Exchangeable instrument
Applies mainly to convertible securities. Bond or preferred stock that may be exchangeable into the common stock of a different public corporation.
Exchangeable security
Investment instrument that grants its holder the right to exchange it for the common stock of a firm other than the issuer of the instrument.
PREVIOUS AND NEXT TERMS--------------------------------------
Exchange distribution
A sale on an exchange floor of a large block of stock in a single transaction. A broker bunches a large number of buy orders and sells the block all at once.
Exchange fund
Investment vehicle introduced in 1999 that appeals to wealthy investors with large holdings in a single stock who want to diversify without paying capital gains taxes.
Exchange of assets
Acquisition of another company by purchase of its assets in exchange for cash or stock.
Exchange of stock
Acquisition of another company by purchase of its stock in exchange for cash or shares.
Exchange offer
An offer by a firm to give one security, such as a bond or preferred stock, in exchange for another security, such as shares of common stock.
Exchange privilege
Exchange rate
The price at which one currency can be exchanged for another one.
Exchange rate mechanism (ERM)
The methodology by which members of the EMS maintain their currency exchange rates within an agreed-upon range with respect to other member countries.
Exchange rate risk
Also called currency risk; the risk that an investment's value will change because of currency exchange rates.
Exchange ratio
The number of new shares in an acquiring firm that are given for each outstanding share of an acquired firm.
Exchange risk
The variability of a firm's value that results from unexpected exchange rate changes, or the extent to which the present value of a firm is expected to change as a result of a given currency's appreciation or depreciation.
RELATED TERMS--------------------------------------
Right
Privilege granted shareholders of a corporation to subscribe to shares of a new issue of common stock before it is offered to the public.
Fund
To provide money for a specific purpose; an amount of money saved for a specific purpose.
Charge
The document evidencing mortgage security required by Crown Law (law derived from English law).
SIMILAR TERMS--------------------------------------
Exchange
A marketplace in which shares, options and futures on stocks, bonds, commodities, and indexes are traded.
Exchange controls
Government restrictions on the purchase of foreign currencies by domestic citizens or on the purchase of the local domestic currency by foreigners.
Exchange distribution
A sale on an exchange floor of a large block of stock in a single transaction. A broker bunches a large number of buy orders and sells the block all at once.
Exchange fund
Investment vehicle introduced in 1999 that appeals to wealthy investors with large holdings in a single stock who want to diversify without paying capital gains taxes.
Exchange of assets
Acquisition of another company by purchase of its assets in exchange for cash or stock.
Exchange of stock
Acquisition of another company by purchase of its stock in exchange for cash or shares.
Exchange offer
An offer by a firm to give one security, such as a bond or preferred stock, in exchange for another security, such as shares of common stock.
Exchange rate
The price at which one currency can be exchanged for another one.
Exchange rate mechanism (ERM)
The methodology by which members of the EMS maintain their currency exchange rates within an agreed-upon range with respect to other member countries.
Exchange rate risk
Also called currency risk; the risk that an investment's value will change because of currency exchange rates.
Exchange ratio
The number of new shares in an acquiring firm that are given for each outstanding share of an acquired firm.
Exchange risk
The variability of a firm's value that results from unexpected exchange rate changes, or the extent to which the present value of a firm is expected to change as a result of a given currency's appreciation or depreciation.
Exchange Traded Funds (ETF)
Similar to an index mutual fund, these tracking stocks trade continuously.
Exchange, The
A nickname for the New York Stock Exchange. Also known as the Big Board, where more than 2000 common and preferred stocks are traded.
Exchangeable
Applies mainly to convertible securities. Means the issuer, if so stated, may substitute a convertible debenture for an existing convertible preferred with identical terms.
Exchangeable instrument
Applies mainly to convertible securities. Bond or preferred stock that may be exchangeable into the common stock of a different public corporation.
Exchangeable security
Investment instrument that grants its holder the right to exchange it for the common stock of a firm other than the issuer of the instrument.
PREVIOUS AND NEXT TERMS--------------------------------------
Exchange distribution
A sale on an exchange floor of a large block of stock in a single transaction. A broker bunches a large number of buy orders and sells the block all at once.
Exchange fund
Investment vehicle introduced in 1999 that appeals to wealthy investors with large holdings in a single stock who want to diversify without paying capital gains taxes.
Exchange of assets
Acquisition of another company by purchase of its assets in exchange for cash or stock.
Exchange of stock
Acquisition of another company by purchase of its stock in exchange for cash or shares.
Exchange offer
An offer by a firm to give one security, such as a bond or preferred stock, in exchange for another security, such as shares of common stock.
Exchange privilege
Exchange rate
The price at which one currency can be exchanged for another one.
Exchange rate mechanism (ERM)
The methodology by which members of the EMS maintain their currency exchange rates within an agreed-upon range with respect to other member countries.
Exchange rate risk
Also called currency risk; the risk that an investment's value will change because of currency exchange rates.
Exchange ratio
The number of new shares in an acquiring firm that are given for each outstanding share of an acquired firm.
Exchange risk
The variability of a firm's value that results from unexpected exchange rate changes, or the extent to which the present value of a firm is expected to change as a result of a given currency's appreciation or depreciation.
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This dictionary contains 24549 terms.
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