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Severance
SeveranceA 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. RELATED TERMS-------------------------------------- Settlement When payment is made for a trade. Compensation Arrangement under which the delivery of goods to a party is paid for by buying back a certain amount of the product from the recipient of the goods. Contingent In context of liabilities, those liabilities that do not yet appear on the balance sheet (i.e.. guarantees, supports, lawsuit settlements). For support or recourse, the trigger may occur at any time in the future. Control 50% of the outstanding votes plus one vote. SIMILAR TERMS-------------------------------------- SEVEN Network Limited SEVEN Network Limited is a large Australian company in the field of media. Their Australian Stock Exchange (ASX) code is SEV. 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. 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-------------------------------------- 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 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. Severance 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. Shakeout A dramatic change in market conditions that forces speculators to sell their positions, often at a loss. We thank you for using the Financial Dictionary to search for Severance. If you have a better definition for Severance than the one presented here, please let us know by making use of the suggest a term option. This definition of Severance may be disputed by other professionals. Our attempt is to provide easy definitions on Severance and any other medical topic for the public at large.
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