Rally: A series of return hits of the ball that ends when one or other player fails to return the ball within the court boundary or fails to return a ball that falls within the play area.

 

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Rally: A series of return hits of the ball that ends when one or other player fails to return the ball within the court boundary or fails to return a ball that falls within the play area.

BuRP Rally: BuRP stands for Blue Ridge Parkway and You. The BuRP Rally is a motorcycle rally founded by members of the Motorcycles forum. The rally was first held in 2002, basically as a ride by forum m . . . View Full Definition

Iron Butt Rally: The Iron Butt Rally is an 11 day 11,000 mile trip around the perimeter of the United States. It has a series of checkpoints that must be visited within a two-hour window.

Severally But Not Jointly: An agreement between members of an underwriting group buy a new issue (severally), but not to assume joint liability for shares left unsold by other members.

Sturgis Motorcycle Rally: Motorcycle event held annually in Sturgis, South Dakota. It was founded on August 14, 1938 by the Jackpine Gypsies Motorcycle Club who still own and operate the tracks, hillclimb, and field . . . View Full Definition

Jointly And Severally: Municipal bond underwriting in which the account is undivided and syndicate members are responsible for unsold bonds in proportion to their participation, regardless of how many bonds they m . . . View Full Definition

Generally Recognized As Safe (GRAS): A regulatory category created for a group of food additives that were exempted from the more rigorous regulatory requirements for food additives in the 1958 Food Additives Amendment to the F . . . View Full Definition

Technical Rally: Default on a legal obligation of the firm. Technical insolvency occurs when a firm doesn't pay a bill on time.

Rally (Recovery): An upward movement of prices. Opposite of reaction.

Generally Accepted Accounting Principals (GAAP): The sum of taxes, charges, and miscellaneous income taken in at the state and local level while neglecting overlapping revenue which may be erroneously counted twice.