Business / Finance Glossary

Acquired Surplus: The surplus acquired when a company is purchased in a pooling of interests combination, i.e. the net worth not considered to be capital stock.

Acquiree: A firm that is being acquired.

Acquirer: A firm or individual that is acquiring something.

Acquisition: When a firm buys another firm.

Acquisition Cost: The amount actually paid to purchase an asset. This includes all costs associated with the purchase, such as installation, freight, and sales tax.

Acquisition Of Assets: A merger or consolidation in which an acquirer purchases the selling firm's assets.

Acquisition Of Stock: A merger or consolidation in which an acquirer purchases the acquiree's stock.

Across The Board: Movement or trend in the stock market that affects almost all stocks in all sectors to move in the same direction.

Act Of State Doctrine: This doctrine says that a nation is sovereign within its own borders, and its domestic actions may not be questioned in the courts of another nation.

Acting In Concert: Investors working together and performing identical actions to attain the same investment goal.

Active: A market in which there is frequent trading.

Active Account: Refers to a brokerage account in which many transactions occur. Brokerage firms may levy a fee if an account generates an inadequate level of activity.

Active Bond Crowd: Refers to members of the bond department of the NYSE who trade the most bonds. Antithesis of cabinet crowd.

Active Box: Securities that are held in safekeeping and are available as collateral for securing brokers' loans or customers' margin positions.

Active Portfolio Strategy: A strategy that uses available information and forecasting techniques to seek better performance than a buy and hold portfolio. Related: Passive portfolio strategy.

Actual Market: Used in context of general equities. Firm market. Antithesis of Subject market.

Actuals: The physical commodities underlying a futures contract. Cash commodity, physical asset.

Additional Bonds Test: A test for ensuring that bond issuers can meet the debt service requirements of issuing any new additional bonds.

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