power of acceptance
An offeree’s power to bind an offeror to a contract by accepting the offer. [Cases: Contracts 16, 22(1). C.J.S. Contracts §§ 37–41, 44, 46–51, 53–56, 58; Trading Stamps and Coupons § 7–9.]
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Search Results for: COUPON
scrip
scrip. 1. A document that entitles the holder to receive something of value. See LAND SCRIP. 2. Money, esp. paper money, that is issued for temporary use. Internet scrip. 1. Value that may be exchanged over the Internet but may not be exchanged for money. • Internet scrip is analogous to coupons or bonus points
blue list
Blue List. Securities. A daily listing (on blue paper) of secondary-market offerings of municipal bonds. “Municipal bonds available for resale in the secondary market are listed by state in The Blue List, along with such information as the number of bonds offered, issuer, maturity date, coupon rate, price, and dealer making the offering. Ratings are
interchangeable bond
A bond that can be exchanged for a different type of bond, such as a coupon bond that may be exchanged for a registered bond.
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inverse floating rate note
A note structured in such a way that its interest rate moves in the opposite direction from the underlying index (such as the London Interbank Offer Rate). • Many such notes are risky investments because if interest rates rise, the securities lose their value and their coupon earnings fall. — Also termed inverse floater. [Cases:
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acceptance by silence
Acceptance of an offer not by explicit words but through the lack of an offeree’s response in circumstances in which the relationship between the offeror and the offeree justifies both the offeror’s expectation of a reply and the offeror’s reasonable conclusion that the lack of one signals acceptance. • Ordinarily, silence does not give rise
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loan certificates
loan certificates (1)贷款证书 由票据交换所向其会员行签发的证明借款行存入票据交换所贷款委员会的担保物的价值已达到规定比例的证书。 (2)贷款凭证 由借款人签署的证明其参与延期贷款的文书。现基本由附息票债券〔coupon bonds〕所代替。 (→certificate of indebtedness)
right of first refusal
right of first refusal. A potential buyer’s contractual right to meet the terms of a third party’s higher offer. • For example, if Beth has a right of first refusal on the purchase of Sam’s house, and if Terry offers to buy the house for $300,000, then Beth can match this offer and prevent Terry
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effective rate
The actual annual interest rate, which incorporates compounding when calculating interest, rather than the stated rate or coupon rate.
judicial notice
judicial notice. A court’s acceptance, for purposes of convenience and without requiring a party’s proof, of a well-known and indisputable fact; the court’s power to accept such a fact (the trial court took judicial notice of the fact that water freezes at 32 degrees Fahrenheit).Fed. R. Evid. 201. — Also termed judicial cognizance; judicial knowledge.