22 Terms
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General Finance
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General Finance
tenant
Financial services; General Finance
A partial owner of a security, or the holder of some property. See: Lessee.
senior security
Financial services; General Finance
A security that, in the event of bankruptcy, will be redeemed before any other securities.
spousal remainder trust
Financial services; General Finance
A fixed-term trust from which income is distributed to the beneficiary (such as a child of the grantor) to take advantage of a lower tax bracket, and that at the end of the term passes to the ...
switch order
Financial services; General Finance
Order for the purchase (sale) of one stock and the sale (purchase) of another stock at a stipulated price difference. Contingent order, swap.
Tenants by Entireties (TEN ENT)
Financial services; General Finance
Joint ownership of property or securities by a husband and wife where, upon the death of one, the property goes to the survivor.
seniority
Financial services; General Finance
The order of repayment. In the event of bankruptcy, senior debt must be repaid before subordinated debt is repaid.
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22 Terms