Financial Dictionary

This dictionary contains:
24549
financial terms

Letter of Testamentary




Letter of Testamentary

A certificate issued by the court evidencing the appointment of an executor of estate.

RELATED TERMS
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Certificate
A formal document used to record a fact and used as proof of the fact, such as stock certificates, that evidence ownership of stock in a corporation.

Executor
An individual or trust institution nominated in a will and appointed by a court to settle the estate of a deceased person.

Estate
European Economic Community.



SIMILAR TERMS
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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
In 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.

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
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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
In 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.

Letter of Testamentary

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.

Level coupon bond
Bond with a stream of coupon payments that remain the same throughout the life of the bond.

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This dictionary contains 24549 terms.







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