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Letter of Renunciation
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Letter of RenunciationIn a rights issue of shares, a letter of renunciation is the form attached to an allotment letter which the holder completes should he wish to transfer entitlement to another person or to renounce his rights absolutely.
RELATED TERMS--------------------------------------
Issue
To offer securities for sale to the general public; a quantity of securities offered to the public.
Shares
Certificates or book entries representing ownership in a corporation or similar entity.
Allotment
An arrangement whereby a security issue is cancelled if the underwriter is unable to resell the entire issue.
Holder
1) A person in possession of a negotiable instrument such as a bill of exchange or promissory note. 2) A person who has made an opening purchase of an option and thus has acquired the rights to them.
Transfer
A change of ownership from one person or party to another.
SIMILAR TERMS--------------------------------------
Letter of Administration
A certificate issued by the Court evidencing the appointment of the Administrator of an Estate.
Letter of Comment
A communication to the firm from the SEC that suggests changes to its registration statement.
Letter of Credit (LOC)
A paper issued by a buyer's bank as proof that the seller will be paid.
Letter of Guarantee
A letter from a bank to a brokerage firm which states that a customer (who has written a call option) does indeed own the underlying stock and the bank will guarantee delivery if the call is assigned.
Letter of Intent
An assurance by a mutual fund shareholder that a certain amount of money will be invested monthly, in exchange for lower sales charges.
Letter of Testamentary
A certificate issued by the court evidencing the appointment of an executor of estate.
Letter of Transmittal
A document used by security holder to accompany certificates surrendered in an exchange or other corporate action.
Letter stock
Privately placed common stock, so-called because the SEC requires a letter from the purchase stating that the stock is not intended for resale.
PREVIOUS AND NEXT TERMS--------------------------------------
Letter of Administration
A certificate issued by the Court evidencing the appointment of the Administrator of an Estate.
Letter of Comment
A communication to the firm from the SEC that suggests changes to its registration statement.
Letter of Credit (LOC)
A paper issued by a buyer's bank as proof that the seller will be paid.
Letter of Guarantee
A letter from a bank to a brokerage firm which states that a customer (who has written a call option) does indeed own the underlying stock and the bank will guarantee delivery if the call is assigned.
Letter of Intent
An assurance by a mutual fund shareholder that a certain amount of money will be invested monthly, in exchange for lower sales charges.
Letter of Renunciation
Letter of Testamentary
A certificate issued by the court evidencing the appointment of an executor of estate.
Letter of Transmittal
A document used by security holder to accompany certificates surrendered in an exchange or other corporate action.
Letter stock
Privately placed common stock, so-called because the SEC requires a letter from the purchase stating that the stock is not intended for resale.
Level
Used in the context of general equities. Price measure of an indication.
Level basis
Fixed premiums for a fixed number of years, and a full payout on a claim at any point.
RELATED TERMS--------------------------------------
Issue
To offer securities for sale to the general public; a quantity of securities offered to the public.
Shares
Certificates or book entries representing ownership in a corporation or similar entity.
Allotment
An arrangement whereby a security issue is cancelled if the underwriter is unable to resell the entire issue.
Holder
1) A person in possession of a negotiable instrument such as a bill of exchange or promissory note. 2) A person who has made an opening purchase of an option and thus has acquired the rights to them.
Transfer
A change of ownership from one person or party to another.
SIMILAR TERMS--------------------------------------
Letter of Administration
A certificate issued by the Court evidencing the appointment of the Administrator of an Estate.
Letter of Comment
A communication to the firm from the SEC that suggests changes to its registration statement.
Letter of Credit (LOC)
A paper issued by a buyer's bank as proof that the seller will be paid.
Letter of Guarantee
A letter from a bank to a brokerage firm which states that a customer (who has written a call option) does indeed own the underlying stock and the bank will guarantee delivery if the call is assigned.
Letter of Intent
An assurance by a mutual fund shareholder that a certain amount of money will be invested monthly, in exchange for lower sales charges.
Letter of Testamentary
A certificate issued by the court evidencing the appointment of an executor of estate.
Letter of Transmittal
A document used by security holder to accompany certificates surrendered in an exchange or other corporate action.
Letter stock
Privately placed common stock, so-called because the SEC requires a letter from the purchase stating that the stock is not intended for resale.
PREVIOUS AND NEXT TERMS--------------------------------------
Letter of Administration
A certificate issued by the Court evidencing the appointment of the Administrator of an Estate.
Letter of Comment
A communication to the firm from the SEC that suggests changes to its registration statement.
Letter of Credit (LOC)
A paper issued by a buyer's bank as proof that the seller will be paid.
Letter of Guarantee
A letter from a bank to a brokerage firm which states that a customer (who has written a call option) does indeed own the underlying stock and the bank will guarantee delivery if the call is assigned.
Letter of Intent
An assurance by a mutual fund shareholder that a certain amount of money will be invested monthly, in exchange for lower sales charges.
Letter of Renunciation
Letter of Testamentary
A certificate issued by the court evidencing the appointment of an executor of estate.
Letter of Transmittal
A document used by security holder to accompany certificates surrendered in an exchange or other corporate action.
Letter stock
Privately placed common stock, so-called because the SEC requires a letter from the purchase stating that the stock is not intended for resale.
Level
Used in the context of general equities. Price measure of an indication.
Level basis
Fixed premiums for a fixed number of years, and a full payout on a claim at any point.
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This dictionary contains 24549 terms.
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