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Restricted Shares

A class of stocks that have specific restrictions, usually imposing a vesting period on holders or limiting or excluding their...

Backstop Commitment

A type of underwriting in which an investment bank commits to a worst-case price, just contrary to a bought deal...

Non-Cyclical Stock

A corporate stock which is relatively insensitive to the business cycle, i.e., it is immune to economic upturns and downturns....

Adjustable-Rate Preferred Stock

A preferred stock whose dividend is reset at specified periods based, for example, on the maximum of a set of...

Equity-Linked Structured Product

A structured product that is linked to equity. The return/ loss is determined by the performance of a stock or...

Split Down

A consolidation of outstanding shares (authorized and issued shares) that is carried out by a company to cut down the...

Reverse Split

A consolidation of outstanding shares (authorized and issued shares) that is carried out by a company to cut down the...

Asset Play

A stock market expression for a stock whose market price is way below its asset-based value. This stock may be...

Bearer Stock

A stock (share of stock) whose ownership is not registered in a name. As a bearer security, a bearer stock...

Reverse Stock Split

A consolidation of outstanding shares (authorized and issued shares) that is carried out by a company to cut down the...