recapitalization, n. An adjustment or recasting of a corporation’s capital structure — that is, its stocks, bonds, or other securities — through amendment of the articles of incorporation or merger with a parent or subsidiary. • An example of recapitalization is the elimination of unpaid preferred dividends and the creation of a new class of […]
intermediation. 1. Any process involving an intermediary. 2. The placing of funds with a financial intermediary that reinvests the funds, such as a bank that lends the funds to others or a mutual fund that invests the funds in stocks, bonds, or other instruments.
investment banking. The business of underwriting or selling securities; esp., the marketing of new stocks or bonds. “The term ‘investment banking’ can be used to encompass [underwriting, and acting as a dealer, broker, and market maker], and any person in a firm performing any of those functions could be called an investment banker. By convention,
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merchandise (m[schwa]r-ch[schwa]n-dIz also -dIs). 1. In general, a movable object involved in trade or traffic; that which is passed from hand to hand by purchase and sale. 2. In particular, that which is dealt in by merchants; an article of trading or the class of objects in which trade is carried on by physical transfer;
A mutual fund that typically invests in securities that consistently produce a steady income, such as bonds or dividend-paying stocks.
pillory (pil-[schwa]-ree), n. Hist. A wooden framework with holes through which an offender’s head and hands are placed. • A person put in a pillory usu. had to stand rather than sit (as with the stocks). Cf. STOCKS. finger pillory. Hist. Eccles. law. A miniature stock used to confine the fingers of a person who
futures, n. 1. Standardized assets (such as commodities, stocks, or foreign currencies) bought or sold for future acceptance or delivery. — Also termed financial futures. 2. FUTURES CONTRACT. 3. Future claimants, esp. those who would become members of a class of persons injured by a defendant and thus included in a class action.
invest, vb. 1. To supply with authority or power (the U.S. Constitution invests the President with the power to conduct foreign affairs). 2. To apply (money) for profit (Jillson invested her entire savings in the mutual fund). 3. To make an outlay of money for profit (Baird invested in stocks).
securities exchange. 1. A marketplace or facility for the organized purchase and sale of securities, esp. stocks. 2. A group of people who organize themselves to create such a marketplace; EXCHANGE(5). — Often shortened to exchange. — Also termed stock exchange. [Cases: Exchanges 1. C.J.S. Exchanges §§ 2–3.] regional securities exchange. A securities exchange that
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An investment account that allocates an investor’s assets only among mutual funds rather than stocks or other investments. See wrap account.
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