Duncan On Investment And Speculation In Stocks And Shares

Paperback | February 3, 2012

byWilliam Wallace Duncan

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1895. Excerpt: ... APPENDIX. A B C TO THE STOCK EXCHANGE. ACCOUNT.--The name given to the period, usually 14 to Iq days, during which Stocks are bought and sold for delivery on a specific day. This day is called Settling Day, and is fixed by the Stock Exchange Committee. Account Days.--The three days occupied by jobbers and brokers in settling their transactions made during the account. See Carrying-over, Ticket, and Pay Day). Allotment.--When on the formation of a Company the time for receiving applications for shares has expired, the directors proceed to apportion the shares amongst the applicants. This is technically known as "going to allotment." Allottee.--The person who originally applied and took up shares at the time of the launching of the company. Arbitrage.--The operation whereby securities are bought in one country and instantly sold in another. For instance, Suez Canal Shares bought in London and sold in Paris. The difference in price which may at any time exist in different countries for the same security constitutes the profit of the "Arbitrage dealer." Accountant--As applied to companies the name is synonymous with that of auditor. Articles Of Association.--Rules and conditions regulating the position of shareholders in a company among themselves, the mode of management and the powers of the directors. Auditor.--The person appointed to examine the books, and certify the accounts of a company. Auditor's Certificate.--A document signed by an auditor stating that after independent examination he has found the accounts or statements referred to therein, to be correct. Averaging Holdings.--To average, is to secure additional stock at a lower price than that originally paid, for the purpose of reducing the total purchase price on the average. Example Of Averaging....

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1895. Excerpt: ... APPENDIX. A B C TO THE STOCK EXCHANGE. ACCOUNT.--The name given to the period, usually 14 to Iq days, during which Stocks are ...

Format:PaperbackDimensions:36 pages, 9.69 × 7.44 × 0.07 inPublished:February 3, 2012Publisher:General Books LLCLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0217830579

ISBN - 13:9780217830577

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