What Does Argentine Refer To?

To Argentine Republic, a term used in the grain trade.

What Is An Assignment?

When a holder of stock transfers his holdings to another, he makes an "assignment" of his stock. When a firm goes into bankruptcy, and an assignee is appointed, it is an "assignment." A transfer of title or claim in stocks, bonds, bills, deeds or interest in real or personal property, is an "assignment."

What Are Assented Stocks Or Bonds?

Securities deposited under an agreement by which the owners assent to some change in the status of the securities for purposes of reorganization. Foreclosure or other legal process is thus avoided, the owners of the securities assenting to an exchange for new securities.

What Is Meant By Assigned In Blank?

The ordinary stock certificate has on its back a printed form of assignment, whereby the owner of the certificate can endorse the same and thus make it a good delivery in selling it or passing it to the credit or ownership of another.

What Is An Assessment?

An assessment on a security is a call from a corporation on stockholders to pay into the treasury a specified sum of money on each share of the stock they may hold. There are many kinds of assessments, the most common resulting from a plan or reorganization, to secure funds to discharge debts and for working capital. Most railroad and other large corporation stocks are legally non-assessable, but in a reorganization where conditions make it necessary to make concessions and sacrifices, assessments are frequently paid. Such assessments are, in a way, voluntary and simply paid to preserve the property, and with the hope that the result will ultimately add value enough to the securities to repay the stockholder. The stockholder has no alternative except to pay the assessment. If he fails to pay it, usually an underwriting syndicate stands ready to take his stock at a current market price and pay the assessment itself This results in the original stockholder 'being "frozen out." Any future benefit from the reorganization is derived by the payer of the assessment.

What Are Atlantic Ports?

Boston, New York, Philadelphia and Baltimore -the leading export points.

What Is Averaging Out?

It is the progressive increase of speculative trading, so you can close your deal with a profit earlier than if you had not increased your holdings. Example: If you buy 100 shares of Pennsylvania at no, and it declines to 108, you buy another 100, then a recovery to 109 would make you even.

What Is Backwardation?

It is a London Stock Exchange term, signifying the premium paid for delay in delivering stocks.

What Is A Balance?

It is the amount required to equalize the debtor and creditor sides of an account.

What Is Balance Of Trade?

It is the difference in money value between imports and exports of a country. If the United States sells to Europe more than it buys, the balance of trade is said to be in favor of the United States.