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participating bond. A bond sharing in a distribution
of profits as well as a guaranteed interest. passing a dividend. Failure to make a regular divi.
dend. passive bond. A non-interest bearing bond having some
other benefit attached. plain bond. A bond having no mortgage or collateral
security and without a sinking fund provision. plant. The permanent appliances necessary to conduct
any business. pool. Interests joined for mutual advantage, specific
ally, (a) a trust or combination to regulate prices; (b) a fund contributed by several persons for a
specified use. postdated. Bearing a future date. preferred stock. Stock which must receive a dividend
and participate in a distribution of assets before
common stock. premium. 1. The amount of excess over the par value.
2. The sum paid by a policy-holder for insurance. private company. A close corporation. [English.] promoter's stock. Stock issued one interested in the
promotion of a company, for services rendered. proprietary company. A controlling company. protest waived. Without necessity of protest (to in.
dorser). proxy. A person authorized to represent another; also,
the instrument granting such authority. put. A contract by which one person, in consideration
of money paid to another, acquires the privilege of selling or delivering to the latter within a certain time some designated article at a stipulated price.
quarter-stock. Stock at the par value of $25.
for stock are in eighths of one per cent, while quo-
R redeemable bond. A bond payable at a specified future
time. redemption drawing. The determination by lot of those
bonds to be redeemed and paid. registered bond. A bond recorded in the owner's name. registered coupon bond. A bond bearing coupons pay
able to bearer, but itself payable only to owner. registered stock. Stock recorded in the company books
and transferable only by surrender of the stock
certificate, not by indorsement. [English.] registrar. The keeper of the records of transfers of
securities, verifying the signatures of registered
owners. rehypothecation. The hypothecation by a broker of
securities hypothecated to him. Such act is illegal
without the consent of the owner of the collateral. released indorsed bond. A bond bearing an acknowl.
edgment of relinquishment of title, taken before a
notary public. reorganization. Compulsory financial reconstruction. resources. The collective amount of cash and property
equivalent to cash. restrictive indorsement. An indorsement so worded as
to qualify further negotiability. right. 1. The privilege to subscribe (a certain amount)
to an issue of a security. 2. In underwriting, an allotment or accepted subscription.
S scrip. 1. A certificate for a fraction of a share of
stock, usually exchangeable for shares when presented in sufficient quantities. 2. United States paper currency of less than $1 denomination,-not now
issued. seasoned securities. Stocks or bonds having an estab
lished value. securities company. A company owning the securities
of other companies and depending for its income
upon the income derived from such securities. seignorage. The difference between the cost of the
bullion in a coin and the value of the coin minted.
seller four, ten, twenty, etc. Sold for delivery on any
day desired by the seller within the number of days specified (4-10-20-etc.) on one day's notice to the
buyer. seller's option. A put. serial bonds. Bonds redeemable in specified install
ments. single-name paper. Unindorsed paper. sinking fund. A fund to which are added certain
amounts of money at specified times to close off a
debt. sinking-fund bond. A bond to be paid by a sinking
fund. sinking-fund mortgage. A mortgage to be paid by a
sinking fund. slow assets. Property not to be quickly turned into
cash. sola. A foreign bill of exchange drawn singly. special aid bond. A bond issued by a government or
municipality to facilitate a beneficial enterprise. special assessment bond. A municipal bond issued pay
able by a special tax levied upon property improved
by the fund originating the bond. stale check. A check not presented for a considerable
time. sub-company. A subsidiary company. subsidiary company. A company the stock of which is
owned or controlled by another company. surplus. Profit remaining after deductions are made. syndicate. A number of capitalists uniting to finance
and carry out some plan or scheme.
tack. The direction in which a speculator's interest
lies. tax bond. A state bond receivable for taxes. time loan. Money borrowed for a specified period. ton-miles, ton-mileage.
Number of miles total tonnage was hauled by a railroad. train-miles, train-mileage. Number of miles made by a
railroad train or trains.
transfer agent. An officer authorized to transfer a
company's stock. traveler's letter of credit. A draft issued payable in
such amounts as desired by various domestic and
foreign correspondents. turn over. The total business transacted by a concern in a given period.
U-Z. underlying mortgage. A prior mortgage. unfunded debt. A floating debt. utter. To issue, as forged paper. via. A bill of foreign exchange, drawn in duplicate or
triplicate. voting trust. The placing of all or part of the stock
of a company in a trust for voting purposes. when issued. Deliverable when, and as if issued-said
of a stock. working capital. Money necessary for operating ex
penses. X. Same as ex. X-d. Ex-dividend. yield. Percentage of return in dividends.
ABREVIATIONS AND ARBITRARY SIGNS
USED IN BUSINESS
A. or Am......
Account of Sales.
Bill of Lading. Bld..
Bill of Sale.
Cashier. C. B.
Cash book. Chgs.
...Company; County. C. O. D
Collect on Delivery. Coll..
Collection; collector. Cr...
Creditor; credit. cwt.
.Day; days. Dept.
The same. doz.
Debtor; doctor. Dray.
Drayage. E. & O. E... Errors and omissions excepted. ea....
Each. e. g.
For example. Esq.
Esquire. etc. or &c.
. And so forth.
Express; example. Exch..
Figure; figures. F. O. B. or f. o. b..Free on board. Fol..
Foot; feet. gal.
. Gallon. gr.