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allotment. 1. Share or portion. 2. In underwriting,
the amount assigned a member or subscriber. all-'round price. Overhead price. arbitrage. Purchase and sale of the same thing in
different markets. arrha. Earnest money. [Latin.] assessment. A demand upon stockholders for a speci.
fied sum per share of stock. assets. Total worth of property;-as of a person. aval. Guaranty; indorsement. average book. In banking, a book recording the aver
age credit balances of depositors.
backing. Indorsement. balance sheet. A tabular statement showing assets and
liabilities, profit and loss. ballooning. Inflating a stock value. [Colloquial.) bear. A speculator believing in lower prices; one who
sells stock short to buy back at a lower price. bearing the market. Working to force prices down. bid and asked quotations. Quotations furnished by
stock specialists, the nominal prices of the day on
the stock exchange. blanket mortgage. A general mortgage. blind pool. A money pool to be used at the manager's
discretion. block. A large number of shares. board of trade. 1. An organization formed to promote
mercantile or commercial interests. 2. An exchange or trading organization the members of which con
duct large speculative operations. bond. A secured certificate of obligation to pay money. bonded. Secured by some guaranty. bonus. A premium or gratuity. books close. That time, prior to a dividend payment,
at which ownership of securities may not be changed
in the record ;-opposed to books open. books open. The opposite of books close. book value. Stock value based on earnings.
branch bank. A bank under the control and super
vision of a larger bank;—not permitted under the
national bank act. bucket shop. A place where bets are placed on regular
exchange quotations. bucketing of stocks. Sales by a broker-for his own
account and risk-against customers' purchases, or
purchases by the broker against customers' sales. budget. An estimate of probable revenues and ex
penditures by the government in the ensuing year
with affecting measures. [English.] bull. A speculator believing in higher prices; one buy
ing in expectation of a raise. bulling the market. Working to make prices higher. buyer four, ten, twenty, etc. Bought for delivery on
any day demanded by the buyer within the number of days specified (4-10-20-etc.) on one day's notice
to the seller. buying back. Purchasing a stock previously sold with
out ownership. by-bidder. A side bidder at an auction to raise prices. by-laws. Rules, subordinate to a constitution or char
ter, adopted by an association or corporation for the conduct of its affairs.
call. A contract binding the issuer to deliver on de
mand to the holder agreed stock within a certain
time at a certain price. called bond. A bond issued with the privilege of re
demption after a certain time, interest to cease on
such call. call loan. A loan payable on demand. capital. Available wealth or money. Captain of Industry. A leader in the creation and de
velopment of important industries in the United
States. cash assets. Assets in money or readily convertible
into money. cats and dogs. Worthless securities. [Colloquial.] charges forward. Designating charges to be paid by
the receiver of the property.
Chicago check. A form of check having the dollar
mark to be followed by the amount in figures, at the
end of the line for the payee's name. c. i. f. Cost, insurance, and freight included. circular letter of credit. See traveler's letter of credit. circulation. 1. Money in use. 2. Notes issued by na
tional banks. classified bonds. Bonds disposed in two or more
classes, as designating the payment of interest or
maturity. classified stock. Stock disposed in two or more classeg,
as first, second, and third preferred. close corporation. A company the stock of which is
held by a few persons and is not on the market. closed for dividend. Not open pending a dividend pay.
ment;—said of stock. closing prices. On the stock exchange, the prices at
which the last sales are made. coining rate or value. The valuation as compared with
gold at which silver is coined as opposed to its actual
bullion value. collateral loan. A loan on paper secured by a pledged
security. collateral note. A promissory note secured by a pledge. collection charge. A charge for collecting out-of-town
paper. commitment. The act of giving an order to buy or sell. community of interest. Joint ownership or control for
the maintenance of harmonious relations. commutation, commuting. See compounding. compensatory damages. An amount adjudged equiva
lent to a sustained loss. composition. A partial payment of creditors accepted
by them as a full payment. compounding. The payment of several successive ob
ligations by substituting a lump sum. concessionaire. One who obtains a grant. consignee. The one to whom goods are sent. consignment. Goods shipped or forwarded by one per
son to another. consol. A consolidated stock or bond, an abbreviation
of consolidated annuities.
consolidated bond. One of an issue of bonds taking up
and replacing two or more previous issues. consolidated mortgage. A mortgage replacing two or
more mortgages previously made. constant. In finance, a fixed value. construction account. The account showing the amount
of building and equipment investment, as of a rail
road. continued bond. A bond which may be held after ma
turity, then bearing the same or a different rate of
interest. contribution. An indemnifying payment made to one
of a number of parties jointly responsible for a debt
by those not participating in the payment. controlling company. One owning control though not
operating another company. cooked. Garbled or manipulated;-said of an account
or report. corner. The condition of the market with respect to a
commodity which has been bought up with a view
to monopoly. coupon. The detachable form showing the amount of
interest due at a certain date, being negotiable the
same as a check. coupon bond. An unregistered bond payable to bearer. crossed check. A check bearing on its face, certain
words making it payable only at a bank;-used only
in England. cumulative stock. Preferred stock bearing a dividend,
which if not paid regularly, accumulates, and must
be paid before a dividend on common stock. current assets. Such assets as change from day to day. current liabilities. Liabilities changeable daily. cutthroat mortgage. A mortgage so drawn as to cut off
the mortgagor's right of summons or notice and recourse,-not sustainable in equity.
dating. Extension of credit beyond the ostensible term
by placing the date ahead. dead assets. Unproductive assets.
debenture. A certificate of debt; unless secured, a
promissory note. declaration of trust. Acknowledgment by a person
holding a title to property that the virtual ownership
vests in another. deferred bond. A bond the interest of which is put off
for a certain period. demurrage. A charge for holding cars or vessels be
yond a specified time. differential rate. In transportation, a lower rate to the
same or competing points. direct liabilities. Determined, undisputable obligations. discussion. A proceeding in which a surety exhausts
his principal's property before becoming liable him.
self. dividend. A profit paid to a holder of a stock. dividend off. Not carrying a declared dividend with
the sale;-said of a stock. dividend on. Including dividend due. divisional bond. A bond under a mortgage on property
in one railroad division. domestic exchange. Drafts drawn at one place and
payable at another place in the same country. domiciled. Payable at (a certain place). double-name paper. Paper bearing an indorsement. drawback. A rebate. drawn bond. One of a number of bonds determined for payment by lot.
equipment bond. One of a series of bonds given for
money to equip a railroad with rolling stock. equity. The difference between the value of encum
bered property and the incumbrance standing
against it. exchange. 1. The payment of an obligation in one place
by the transfer of credit from another place. 2. A draft. 3. A place where purchases and sales are
made. ex-coupon. Having the coupon for the current interest
payment detached;-said of a bond.