General Finance

General Finance

Industry: Financial services

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General Finance

subordinated

Financial services; General Finance

A claim ranked lower in priority than other claims. Common stock claims are always subordinated to debt.

securitization

Financial services; General Finance

Creating a more or less standard investment instrument such as the mortgage pass-through security, by pooling assets to back the instrument. Also refers to the replacement of nonmarketable loans ...

SPDRs (Spiders) are designed to track the value of the Standard & Poor's 500 Composite Price Index. Stands for Standard & Poor's Depositary Receipt. They trade on the American Stock Exchange under ...

subscription right

Financial services; General Finance

See: Subscription privilege

security selection decision

Financial services; General Finance

Choosing the particular stocks or bonds or other investment instruments to include in a portfolio.

specialist unit

Financial services; General Finance

A specialist who maintains a stable market by acting as a principal and agent for other brokers in one or many stocks.

Summary plan description (SPD)

Financial services; General Finance

A document that explains the fundamental features of an employer's defined benefit or defined contribution plan, including eligibility requirements, contribution formulas, vesting schedules, benefit ...