Australian Stock Exchange (ASX): Established in 1987 following the amalgamation of the six independent stock exchanges operating in the Australian state capitals. The ASX is the tenth-largest stock exchange in the world on the basis of domestic capitalization.

 

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Australian Stock Exchange (ASX): Established in 1987 following the amalgamation of the six independent stock exchanges operating in the Australian state capitals. The ASX is the tenth-largest stock exchange in the world on . . . View Full Definition

Qualifying Stock Option: A benefit granted by a corporation that allows employees to purchase shares at a discount price.

Prior-Preferred Stock: Preferred stock that has a higher claim on all dividends and assets in liquidation than claims of other preferred stock.

Quarter Stock: Stock with a par value of $25 per share.

Principal Stockholder: A stockholder who owns 10% or more of the voting stock of a company. Such stockholders must report all trading in the stock to the SEC pursuant insider trading rules.

Real Exchange Rates: Exchange rates that have been adjusted for the inflation differential between two countries.

Repurchase Of Stock: Technique to pay cash to firm's shareholders that provides more preferential tax treatment for shareholders than dividends. Treasury stock is the name given to previously issued stock that h . . . View Full Definition

Regional Stock Exchanges: Organized national securities exchanges located outside of New York City and registered with the SEC They include: the Boston, Cincinnati, Intermountain (Salt Lake City-dormant, owned by COM . . . View Full Definition

Regional Exchange: Stock exchanges in cities other than New York are called regional exchanges. They list both regional stocks, which may or may not be listed on the New York exchanges, as well as stocks that . . . View Full Definition

Principal Exchange-Rated-Linked Securities (PERLS): A debt instrument with its principal and interest denominated in U.S. dollars, but with principal repayment depending on the exchange rate of the U.S. dollar against a foreign currency.