please define a "piggyback warrants"

    the "piggyback warrants " is Additional warrants that are acquired following the exercise of primary warrants. Piggyback warrants are a type of sweetener and can prompt additional investment in a company. Tags: glossary, glossary

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    what is the "competition commission"?

    a "competition commission " is The Competition Commission is an independent public body established by the Competition Act 1998. It replaced the Monopolies and Mergers Commission in April 1999. The Commission conducts inquiries into mergers, markets and the regulation of the major regu Tags: glossary, glossary

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    what is the "purchasing power"?

    "purchasing power " is 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. In investment terms, the dollar amount of credit available to a customer to buy additional securities against the existing marginable securities in the brokerage account. 1. To measure purchasing power, you'd compare against price index such as CPI. A simple way to think about purchasing power is to imagine if you made the same salary as your grandfather. Clearly you could survive on much less a few generations ago, however, because of inflation, you'd need a greater salary just to maintain the same quality of living. 2. Each jurisdiction has its own rules governing margin transactions. In the United States you can purchase up to 50% of securities on margin, so, if you had $10,000 in a margin account, you'd be able to purchase up to $20,000 worth of securities. Said another way, you have an extra $10,000 of purchasing power (buying power). Tags: glossary, glossary

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    do you know what "stock record "is?

    a "stock record " is A system that helps brokerage firms keep track of the position and physical location of the securities they are holding. The stock record displays the names of the owners as well as the names of the securities. Since today's brokerage firms hold shares in street name for investors, accurate bookkeeping is necessary for keeping track of the actual owners of the securities. Tags: glossary, glossary

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    please define "liquidity path"

    a "liquidity path " is The path taken by a company to provide liquidity for company founders or owners. The most common liquidity paths are through mergers and acquisitions to a larger company, and through initial pubic offerings (IPOs) of stock to investors. Without a path to liquidity, private company owners may not be able to convert their ownership in the company to any other means of currency or investment. Most private companies of a sufficient size are constantly evaluating different liquidity paths. Some owners may simply be looking for a way to "cash out", or looking to the liquidity achieved in an IPO to help fund future business growth and expansion efforts. The state of the overall economy and the stock markets may affect the timing and direction of a liquidity path. If the stock market is currently weak, investors may have little or no appetite for IPOs, making that option less favorable because the company would likely not receive a fair price for its shares. The company could choose to wait out the markets, or change course and sell to another company or private equity investor directly. Tags: glossary, glossary

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    do you know what "bank restriction act of 1797" is?

    An act passed by the British government in 1797 to free the central Bank of England from converting bank notes and other financial claims into gold. The act was created in response to the flood of paper money issued by the British government that resulted in an economic catastrophe. In 1694, the Bank of England, a private corporation, was created out of the British government's need for cheap loans to finance its expenses. Three years later, the Bank was given monopoly rights that covered banking and note-issuing activities in England. However, once the war with France began in the 1790s, the British government's military expenses rose very quickly. Thus, the government issued paper notes that the Bank of England was expected to convert into gold on demand. But, by 1797, the Bank's gold reserves had been reduced to dangerously low levels as a result of heavy demands for gold redemptions from both domestic and foreign note holders. To save the Bank from bankruptcy, the British government passed the Bank Restriction Act. By the end of the war in 1814, bank notes outstanding had a face value of 28.4 million pounds on gold reserves of only 2.2 million pounds, which caused the British currency to depreciate about 30%, creating so much stress on the British economy that a gold standard was needed to stabilize the currency. Tags: glossary, glossary

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    please define an "american option"

    the "american option " is An option that can be exercised anytime during its life. The majority of exchange-traded options are American. Since investors have the freedom to exercise their American options at any point during the life of the contract, they are more valuable than European options which can only be exercised at maturity. Consider this example: If you bought a Ford March Call option expiring in March of 2006 in March 2005, you would have the right to exercise the call option at anytime up until its expiration date. Had the Ford option been an European option, you could only exercise the option at the expiry date in March '06. During the year, the share price could have been most optimal for exercise in December of 2005, but you would have to wait to exercise your option until March 2006, where it could be out-of-the-money and virtually worthless. Note that the name of this option style has nothing to do with the geographic location. Tags: glossary, glossary

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    do you know what the "deed" is?

    A legal document that grants the bearer a right or privilege, provided that he or she meets a number of conditions. In order to receive the privilege - usually ownership, the bearer must be able to do so without causing others undue hardship. A person who poses a risk to society as a result of holding a deed may be restricted in his or her ability to use the property. Deeds are most known for being used to transfer the ownership of automobiles or land between two parties. For example, an individual who holds a deed for a particular section of land has a legal right to possess that land, but may not be able to build a shooting range on it because of the danger it would pose. In other cases, a holder of the title to a piece of property may be able to own the land but, for environmental reasons, not be allowed to develop it. Some other popular examples of deeds are commissions, academic degrees, licenses to practice, patents and powers of attorney, each of which grant the holder a given right or privilege. Tags: glossary, glossary

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    what is the "on account"?

    an "on account " is The application of a payment to reduce the outstanding principal of a loan. Tags: glossary, glossary

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    please tell me what the "the bond buyer" is

    "the bond buyer " is A century-old U.S. Newspaper published five times a week covering the municipal bond industry. Banks, underwriters, government agencies, Wall Street firms, insurance companies and others read it for municipal bond news, trends and analysis. The Bond Buyer has helped facilitate the country's economic development by providing information to those who finance a variety of infrastructure projects such as new schools, tunnels, roads and hospitals. It also offers an annual review of state issuers. Tags: glossary, glossary

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