Financial Dictionary

This dictionary contains:
24549
financial terms

Severally but not jointly




Severally but not jointly

An agreement between members of an underwriting group buy a new issue (severally), but not to assume joint liability for shares left unsold by other members.

RELATED TERMS
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Underwriting
A bank or other financial institution's guarantee to a company that it will buy a certain number of shares in a company's new issue or rights issue, should the issue not be fully subscribed by other investors.

Group
A group generally includes a parent company and its subsidiaries, but it may also include affiliates.

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.



SIMILAR TERMS
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SEVEN Network Limited
SEVEN Network Limited is a large Australian company in the field of media. Their Australian Stock Exchange (ASX) code is SEV.

Severance
A settlement received after being released from a corporation. In the context of corporate governance, an agreement that assures high-level executives of their positions or some compensation and are not contingent upon a change in control.

Severn Trent
Severn Trent is a top British corporation in the field of utilities, and its estimated market value is 6,080 million US dollars.

SEVERN TRENT PLC
SEVERN TRENT PLC is one of the world's largest corporations in the public services sector. Its head office is in Great Britain.

Severstal
Severstal is a top Russian corporation in the field of materials, and its estimated market value is 5,570 million US dollars.



PREVIOUS AND NEXT TERMS
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Settlement date
The date on which payment is made to settle a trade. For stocks traded on US exchanges, settlement is currently three business days after the trade. For mutual funds, settlement usually occurs in the US the day following the trade. In some regional markets, foreign shares may require months to settle.

Settlement options
The various possibilities open to a beneficiary under a life insurance policy as to how the benefit will be paid out.

Settlement price
A figure determined by the closing range that is used to calculate gains and losses in futures market accounts.

Settlement rate
The rate suggested in Financial Accounting Standards Board (FASB) 87 for discounting the obligations of a pension plan. The rate at which the pension benefits could be effectively settled if the company sponsoring the pension plan wishes to terminate its pension obligation.

Settlement risk
The risk that one party will deliver and the counterparty will not be able to pay and vice versa.

Severally but not jointly

Severance
A settlement received after being released from a corporation. In the context of corporate governance, an agreement that assures high-level executives of their positions or some compensation and are not contingent upon a change in control.

Shadow calendar
A backlog of securities issues registered with the SEC, awaiting the determination of an offer date.

Shadow pricing
The arbitrary assignment of dollar values to non-marketed goods.

Shadow stock
1) A public company may create a stock that strips out the market wide movements for the purpose of rewarding managers. 2) A phantom stock that is created by a private company again for the purpose of performance evaluation and rewards.

Shadows
The thin lines above and below the real body on a candlestick line.

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This dictionary contains 24549 terms.







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