Resale: A timeshare property being advertised for sale after it was originally purchased from a resort developer during the initial sales at that resort. Timeshare resales are typically available for 50%-70% off a resort's original asking price.

 

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Resale: A timeshare property being advertised for sale after it was originally purchased from a resort developer during the initial sales at that resort. Timeshare resales are typically available fo . . . View Full Definition

Presale Order: An order to purchase part of a new municipal bond issue that is accepted by an underwriting syndicate before an official public offering.

Letter Stock: Privately placed common stock, so-called because the SEC requires a letter from the purchaser stating that the stock is not intended for resale.

Restricted Stock: Stock that must be traded in compliance with special SEC regulations concerning its purchase and resale. These restrictions generally result from affiliate ownership, M&A activity, and under . . . View Full Definition

Investment Letter: A letter of intent between the issuer of new securities and the buyer, in the private placement of these new securities. The letter of intent establishes that the securities are being bought . . . View Full Definition

Inventory: Goods purchased or manufactured by a business and held for production or sale. Inventory is often subdivided into raw materials, work in progress, and finished goods. See also Inventory Targets.

Tangible Equity: An asset that represents a physical object such as land, furniture, and buildings. Under accounting rules, a tangible asset must have a useful life greater than one year, and must be used in . . . View Full Definition

Federal Agricultural Mortgage Corporation: An organization more commonly referred to as Farmer Mac, which is a secondary (resale) market for agricultural mortgages. Farmer Mac was authorized by the Agricultural Credit Act of 1987.

Operating Assets: Long-term, or noncurrent, assets acquired for use in the business rather than for resale: includes property, plant, and equipment: intangible assets: and natural resources.

Investing Activities: Transactions and events that involve the purchase and sale of securities (excluding cash equivalents), property, plant, equipment, and other assets not generally held for resale, and the mak . . . View Full Definition