Search Results for: tender of issue

all holders rule

all-holders rule. Securities. 1. An SEC rule that prohibits a public offering by the issuer of shares to some, but not all, of the holders of a class of shares. 2. An SEC rule requiring a tender offeror to make its offer to all the target company’s shareholders. [Cases: Securities Regulation 52.30–52.50. C.J.S. Securities Regulation […]

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bill of credit

bill of credit. 1. Legal tender in the form of paper, issued by a state and involving the faith of the state, designed to circulate as money in the ordinary uses of business. U.S. Const. art. I, § 10. [Cases: States 145. C.J.S. States § 251.] 2. LETTER OF CREDIT.

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trade dollar

trade dollar. Hist. A United States dollar coin, made of silver, issued from 1873 to 1878 for use in foreign trade, esp. in eastern Asia. • A trade dollar was legal tender within the U.S. until 1876 when the coin’s silver content fell to less than one dollar. From 1878 to 1885, trade dollars were

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