Financial Glossary
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S
- A Nasdaq stock symbol indicating shares of beneficial interest.
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S&P 500 Dividend Aristocrats
- Companies that have had an increase in dividends for 25 consecutive years. The S&P Dividend Aristocrats index tracks the performance of these companies. A dividend aristocrat tends to be a large blue-chip company.
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S&P 500 Mini
- A derivative contract representing a designated fraction of the trading value of a standard S&P futures or options contract. Designed to expand the group of investors that could afford them, the S&P 500 Minis trade and act much like their pricier peers: the contracts are cash settled, follow the same expiration schedule and trade on the same stock exchanges.
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S&P 500/Citigroup Growth Index
- A market-capitalization-weighted index developed by Standard and Poor's consisting of those stocks within the S&P 500 Index that exhibit strong growth characteristics. The S&P 500/Citigroup Growth Index is a numerical ranking system based on three growth factors and four value factors to determine the constituents and their weightings.
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S&P 500/Citigroup Value Index
- A market-capitalization-weighted index developed by Standard and Poor's consisting of those stocks within the S&P 500 Index that exhibit strong value characteristics. The S&P 500/Citigroup Value Index uses a numerical ranking system based on four value factors and three growth factors to determine the constituents and their weightings.
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S&P Core Earnings
- The Standard and Poor's revised version of the measurement of core earnings, which excludes any gains related to pension activities, net revenues from the sale of assets, impairment of goodwill charges, prior-year charge and provision reversals, and settlements related to litigation or insurance claims. Expenses related to employee stock option grants, pensions, restructuring of present operations or any merger and acquisition costs, R&D purchases, write-downs of depreciable or amortizable operating assets, and unrealized gains/losses from hedging activities are all included in the core earnings.
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S&P MidCap 400 Index
- This Standard & Poor's index serves as a barometer for the U.S. mid-cap equities sector and is the most widely followed mid-cap index in existence. To be included in the index, a stock must have a total market capitalization that ranges from roughly $750 million to $3 billion dollars. Stocks in this index represent household names from all major industries including energy, technology, healthcare, financial and manufacturing.
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S&P Phenomenon
- The tendency for a stock that is newly added to the S&P index to temporarily increase in price.
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S&P/ASX 200 Index
- The benchmark stock index for the Austrailian markets. It was created for the sake of investment managers who held Australian securities and needed a sufficiently large and liquid portfolio with which they could compare their investment performance. The index trades on the Australian Stock Exchange under the symbol XJO.
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S&P/Case-Shiller Home Price Indexes
- A group of indexes that tracks changes in home prices throughout the Untied States. The indexes are based on a constant level of data on properties that have undergone at least two arm's length transactions. Case-Shiller produces indexes representing certain metropolitan statistical areas (MSA) as well as a national index.
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S&P/Case-Shiller U.S. National Home Price Index
- An index that measures the change in value of the U.S. residential housing market. The S&P/Chase-Shiller U.S. National Home Price Index tracks the growth in value of real estate by following the purchase price and resale value of homes that have undergone a minimum of two arm's-length transactions. The index is named for its creators, Karl Chase and Robert Shiller.
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S&P/Citigroup Broad Market Index (BMI) Global
- A market-capitalization-weighted index maintained by Standard and Poor's providing a broad measure of the global equities markets. The S&P/Citigroup Broad Market Index (BMI) Global includes approximately 11,000 companies in more than 52 countries covering both developed and emerging markets.
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S&P/Citigroup Broad Market Index (BMI) Global Ex-U.S.
- A market-capitalization weighted index maintained by Standard and Poor's providing a broad measure of the global equities markets, excluding the U.S. market. The S&P/Citigroup Broad Market Index (BMI) Global Ex-U.S. is a division of the S&P/Citigroup Broad Market Index (BMI) Global, which includes approximately 11,000 companies in more than 52 countries covering both developed and emerging markets. The S&P/Citigroup Broad Market Index (BMI) Global Ex-U.S. contains approximately 8,000 stocks.
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S&P/TSX Composite Index
- The Canadian equivalent to the S&P 500 market index in the United States. The S&P/TSX Composite Index contains stocks of the largest companies on the Toronto Stock Exchange (TSX). The index is calculated by Standard and Poor's, and contains both common stock and income trust units. Additions to the index are generally based on quarterly reviews.
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S-3 Filing
- The most simplified registration form. It can only be used by companies that have been required to report under the '34 Act for a minimum of twelve months and have met the timely filing requirements set forth under Form S-2.
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S-8 Filing
- A SEC filing required for companies wishing to issue equity to their employees.
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Sacrifice Ratio
- An economic ratio that measures the costs associated with slowing down economic output to change inflationary trends. The ratio is calculated by taking the cost of lost production and dividing it by the percentage change in inflation, and its quotient gives the loss of output per 1% change in inflation:
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Safe Asset
- Assets which, in and of themselves, do not carry a high likelihood of lawsuit risk. Mere ownership of this type of asset does not expose the asset owner to a significant risk of litigation.
Assets such as stocks, mutual funds, bonds, bank accounts and your personal residence are examples of safe assets.
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Safe Harbor
- 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated.
2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. In effect, this gives the target company a "safe harbor."
3. An accounting method that avoids legal or tax regulations and allows for a simpler method (usually) of determining a tax consequence than those methods described by the precise language of the tax code.
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Safekeeping
- The storage of assets or other items of value in a protected area.
Individuals may use self-directed methods of safekeeping or the services of a bank or brokerage firm. Financial institutions are custodians and are therefore legally responsible for the items in safekeeping.
Also known as "safekeep".
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Saitori
- A member of the Tokyo Stock Exchange who facilitates the trading of securities by matching buy and sell orders. Their role is to make the market as orderly and efficient as possible.
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Salad Oil Scandal
- One of the worst corporate scandals of its time. It occurred when Allied Crude Vegetable Oil Company discovered that banks would make loans secured by its salad oil inventory.
When the ships full of salad oil would arrive in the docks, inspectors would test it and confirm that the ship was full of salad oil. However, the company didn't remind anyone that oil floats on water. They had filled salad oil tanks with water and put a few feet of oil on top, fooling everyone. The company would even transfer oil to different tanks while taking inspectors out to lunch. In 1963, the scam was busted and over $175 million worth of salad oil was missing.
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Salary Freeze
- The action of a company suspending salary increases for a period of time.
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Salary Reduction Contribution
- A cash- or deferred-contribution arrangement of an employer-sponsored retirement plan, under which participants can choose to set aside part of their pre-tax compensation as a contribution to the plan.
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Salary Reduction Simplified Employee Pension Plan - SARSEP
- A plan offered by small companies - typically those with fewer than 25 employees - that allows employees to make pretax contributions to their Individual Retirement Accounts (IRAs) through salary reduction.
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Sale
- 1) In general, a transaction between two parties where the buyer receives goods (tangible or intangible), services and/or assets in exchange for money.
2) An agreement between a buyer and seller on the price of a security.
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Sale and Repurchase Agreement - SRA
- An open market operation, implemented by the central Bank of Canada, that is designed to affect overnight interest rates and modify the supply of money.
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Sales And Purchase Agreement - SPA
- A legal contract that obligates a buyer to buy and a seller to sell a product or service. SPAs are found in all types of businesses but are most often associated with real estate deals as a way of finalizing the interests of both parties before closing the deal.
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Sales Charge
- A commission paid by an investor on his or her investment in a mutual fund. The sales charge is paid to a financial intermediary (broker, financial planner, investment adviser, etc.) for selling the fund and is intended to provide compensation for the financial salesperson's efforts in assisting clients in selecting the mutual funds best suited to their needs.
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Sales Per Share
- A ratio that computes the total revenue earned per share over a 12-month period. It is calculated by dividing total revenue earned in a fiscal year by the weighted average of shares outstanding for that fiscal year:
Also known as "revenue per share".
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Sales Tax
- A tax imposed by the government at the point of sale on retail goods and services. It is collected by the retailer and passed on to the state.
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Sales to Cash Flow Ratio
- A measure of whether or not a company's sales are high in comparison to its cash flow.
Calculated as:
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Sallie Mae - Student Loan Marketing Association
- A publicly traded company that is the largest provider of educational loans in the U.S. Along with providing student loans, Sallie Mae purchases student loans from the original lenders and provides financing to state student-loan agencies.
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Salomon Brothers World Equity Index - SBWEI
- An index that measures the performance of fixed-income and equity securities from domestic and international markets that consist of companies with a float of at least $100 million.
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Salvage Value
- The estimated value that an asset will realize upon its sale at the end of its useful life. The value is used in accounting to determine depreciation amounts and in the tax system to determine deductions. The value can be a best guess of the end value or can be determined by a regulatory body such as the IRS.
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Same Property Rule
- A regulation relating to IRA rollovers stipulating that whenever a financial asset is withdrawn from a retirement account or IRA (for the purpose of funding a new IRA, for example), it must be rolled over into the same property (or format) of an IRA. Unless the party involved is over 59.5 years of age, failure to comply with this rule will result in the IRS taxing the withdrawn asset as ordinary income.
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Same Store Sales
- A statistic used in retail industry analysis. It compares sales of stores that have been open for a year or more.
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Same-Day Substitution
- An offsetting change in a margin account, made over the trading day, that results in no overall change in the value of the account. When a same-day substitution is made, a margin call is not generated.
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Sample
- A subset containing the characteristics of a larger population. Samples are used in statistical testing when population sizes are too large for the test to include all possible members or observations. A sample should represent the whole population and not reflect bias toward a specific attribute.
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Sample Selection Bias
- A type of bias caused by choosing non-random data for statistical analysis. The bias exists due to a flaw in the sample selection process, where a subset of the data is systematically excluded due to a particular attribute. The exclusion of the subset can influence the statistical significance of the test, or produce distorted results.
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Sampling
- A process used in statistical analysis in which a predetermined number of observations will be taken from a larger population. The methodology used to sample from a larger population will depend on the type of analysis being performed, but will include simple random sampling, systematic sampling and observational sampling.
The sample should be a representation of the general population.
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Sampling Distribution
- A probability distribution of a statistic obtained through a large number of samples drawn from a specific population. The sampling distribution of a given population is the distribution of frequencies of a range of different outcomes that could possibly occur for a statistic of a population.
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Sampling Error
- A statistical error to which an analyst exposes a model simply because he or she is working with sample data rather than population or census data. Using sample data presents the risk that results found in an analysis do not represent the results that would be obtained from using data involving the entire population from which the sample was derived.
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Samurai Bond
- A yen-denominated bond issued in Tokyo by a non-Japanese company and subject to Japanese regulations. Other types of yen-denominated bonds are Euroyens issued in countries other than Japan.
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Samurai Market
- A slang term for the stock market in Japan. Samurai market is usually used buy non-residents of Japan, with a reference to the iconic Japanese warrior - the samurai.
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Sandbag
- A stalling tactic used by management to deter a company that is showing interest in taking them over.
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Sandwich Generation
- The generation of middle-aged individuals who are pressured to support both aging parents and growing children.
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Sanku (Three Gaps) Pattern
- The Japanese word for a candlestick pattern that consists of three individual gaps located within a well-defined trend. After the appearance of the third gap, the pattern is used to suggest an impending reversal in the direction of the current trend.
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Santa Claus Rally
- A surge in the price of stocks that often occurs in the week between Christmas and New Year's Day. There are numerous explanations for the Santa Claus Rally phenomenon, including tax considerations, happiness around Wall Street, people investing their Christmas bonuses and the fact that the pessimists are usually on vacation this week.
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Santiago Stock Exchange (SSE) .SN
- Located in Santiago, the SGO is the premier stock exchange of Chile. It trades stocks, bonds, investment funds, derivatives and gold and silver Chilean coins. It also has an electronic trading platform called Telepregon, which trades U.S. dollars. Only market shares are traded on the floor in conjunction with screen trades.
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Sao Paolo Stock Exchange (SAO) .SA
- Based in Sao Paolo, Brazil, this exchange has the fourth-largest market cap in all of the Americas and the 13th largest in the world. It is also known as the BM&F Bovespa. The main index of this exchange is the Indice Bovespa.
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SAR (Saudi Riyal)
- The currency abbreviation the Saudi riyal (SAR), the currency for Saudi Arabia. The Saudi riyal is made up of 100 halala or 20 ghirsh, and is often presented with the symbol SR. The Saudi riyal is pegged to the U.S. dollar at about 3.75 SAR.
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Sarbanes-Oxley Act Of 2002 - SOX
- An act passed by U.S. Congress in 2002 to protect investors from the possibility of fraudulent accounting activities by corporations. The Sarbanes-Oxley Act (SOX) mandated strict reforms to improve financial disclosures from corporations and prevent accounting fraud. SOX was enacted in response to the accounting scandals in the early 2000s. Scandals such as Enron, Tyco, and WorldCom shook investor confidence in financial statements and required an overhaul of regulatory standards.
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Saturday Night Special
- A slang term used to refer to a surprise takeover attempt.
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Saucer
- A technical charting formation that indicates that a stock's price has reached its low and that the downward trend has come to a close.
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Saver's Tax Credit
- A non-refundable tax credit available to lower income individuals and households that contribute to qualified retirement savings plans. This includes employer-sponsored plans such as 401(k), SIMPLE and SEP plans, or the governmental 457 plan, along with contributions to Traditional and Roth IRAs. The amount of the credit will depend on the adjusted gross income of the individual or household and the size of the contribution.
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Savings
- According to Keynesian economics, the amount left over when the cost of a person's consumer expenditure is subtracted from the amount of disposable income that he or she earns in a given period of time.
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Savings Account
- A deposit account held at a bank or other financial institution that provides principal security and a modest interest rate. Depending on the specific type of savings account, the account holder may not be able to write checks from the account (without incurring extra fees or expenses) and the account is likely to have a limited number of free transfers/transactions. Savings account funds are considered one of the most liquid investments outside of demand accounts and cash.
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Savings And Loan Crisis - S&L
- One of the largest financial scandals in U.S. history, the Savings and Loan Crisis emerged in the late 1970s and came to a head in the 1980s, finally ending in the early 1990s. In the volatile interest rate climate of the '70s, large numbers of depositors removed their funds from savings and loan institutions (S&Ls) and put them in money market funds, where they could get higher interest rates since money market funds weren't governed by Regulation Q, which capped the amount of interest S&Ls could pay to depositors. S&Ls, which were largely making their money from low-interest mortgages, did not have the means to offer higher interest rates, though they tried to once interest rate ceilings were dropped in the early '80s. As S&L regulations loosened, they engaged in increasingly risky activities, including commercial real estate lending and investments in junk bonds.
Also known as "thrifts".
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Savings Incentive Match Plan For Employees Of Small Employers - SIMPLE
- A retirement plan that may be established by employers, including self-employed individuals. The employer is allowed a tax deduction for contributions made to the SIMPLE. The employer makes either matching or non-elective contributions to each eligible employee's SIMPLE IRA and employees may make salary deferral contributions.
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SBD
- In currencies, this is the abbreviation for the Solomon Islands Dollar.
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SBD (Solomon Islands Dollar)
- The currency abbreviation for the Solomon Islands dollar (SBD), the currency for the Solomon Islands. The Solomon Islands dollar is made up of 100 cents and is often presented with the symbol $ or SI$ to set it apart from other dollar-based currencies.
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SBO-401(k)
- A tax-deferred, government-registered retirement savings plan that is specially designed for small business owners (SBOs). Eligible participants for an SBO-401(k) are businesses that employ the business's owners and their spouses. The business must not have any other eligible employees.
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Scalability
- A characteristic of a system, model or function that describes its capability to cope and perform under an increased or expanding workload. A system that scales well will be able to maintain or even increase its level of performance or efficiency when tested by larger operational demands.
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Scale In
- The process of purchasing shares as the price decreases. To scale in (or scaling in) means to set a target price and then invest in increments as the stock falls below that price. This buying continues until the price stops falling or the intended trade size is reached. Scaling in will, ideally, lower the average purchase price. If the stock does not come back to the target price, however, the investor ends up purchasing a losing stock.
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Scale Order
- A type of order that comprises several limit orders at incrementally increasing or decreasing prices. If it is a buy scale order, the limit orders will decrease in price, triggering buys at lower prices as the price starts to fall. With a sell order, the limit orders will increase in price, allowing the trader to take advantage of increasing prices, thereby locking in higher returns.
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Scale Out
- The process of selling portions of total held shares while the price increases. To scale out (or scaling out) means to get out of a position (e.g., to sell) in increments as the price climbs. This strategy allows the investor to take profits while the price is increasing, rather than trying to time the peak price. If the actual value continues to increase, however, the investor could be selling a winner too early.
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Scalpers
- A person trading in the equities or options and futures market who holds a position for a very short period of time, attempting to make money off of the bid-ask spread.
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Scalping
- A trading strategy that attempts to make many profits on small price changes. Traders who implement this strategy will place anywhere from 10 to a couple hundred trades in a single day in the belief that small moves in stock price are easier to catch than large ones.
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Scarcity
- The basic economic problem that arises because people have unlimited wants but resources are limited. Because of scarcity, various economic decisions must be made to allocate resources efficiently.
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Scenario Analysis
- The process of estimating the expected value of a portfolio after a given period of time, assuming specific changes in the values of the portfolio's securities or key factors that would affect security values, such as changes in the interest rate.
Scenario analysis commonly focuses on estimating what a portfolio's value would decrease to if an unfavorable event, or the "worst-case scenario", were realized. Scenario analysis involves computing different reinvestment rates for expected returns that are reinvested during the investment horizon.
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Schedule 13D
- A form that must be filed with the SEC under Rule 13D. The form is required when a person or group acquires more than 5% of any class of a company's shares. This information must be disclosed within 10 days of the transaction. Rule 13D requires the owner to also disclose any other person who has voting power or the power to sell the security.
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Schedule 13E-4
- This schedule is known as an "issuer tender offer statement." It must be filed by certain reporting companies that make tender offers for their own securities – a "self-tender." Schedule 13E-4 is filed in connection with Rule 13e-4 under the 1934 Act imposing added requirements that an issuer must comply with when it is making an issuer tender offer.
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Schedule 13E-4F
- This schedule may be used by a Canadian foreign private issuer that makes an issuer tender offer for its equity shares, provided that U.S. holders hold less than 40% of the class of shares subject to the offer. The Canadian issuer must, of course, comply with relevant Canadian regulations regarding issuer tender offer statements.
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Schedule 13G
- An SEC form similar to the Schedule 13D used to report a party's ownership of stock that is over 5% of the company. Schedule 13G is shorter and requires less information from the filing party. Ownership of over 5% in a publicly-traded stock is considered to be significant ownership, and therefore must be reported to the public.
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Schedule 14C
- This schedule sets forth the disclosure requirements for information statements. Generally, a company with securities registered under Section 12 of the 1934 Act must send an information statement to every holder of the registered security who is entitled to vote on any matter for which the company is not soliciting proxies. If the company does solicit proxies, Schedule 14A may be required.
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Schedule 14D-9
- This schedule must be filed with the SEC when an interested party such as an issuer, a beneficial owner of securities or a representative of either, makes a solicitation or recommendation statement to the shareholders with respect to a tender offer which is pursuant to Section 14(d)(4) of the 1934 Securities Exchange Act.
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Schedule 14D-9F
- This schedule may be used by a Canadian foreign private issuer or by any of its directors or officers when the issuer is the subject of a tender offer filed on Schedule 14D-1F. Schedule 14D-9F is used to respond to tender offers made for the company.
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Schedule A
- A U.S. income tax form used by taxpayers to report itemized deductions, which can help reduce an individual's federal tax liability. Expenses that can be itemized and claimed on the form include medical and dental expenses, amounts paid for particular taxes and interest expenses as well as specific losses due to theft.
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Schedule D
- A U.S. income tax form used by taxpayers to report their realized capital gains or losses. Investors are required to report their capital gains (and losses) from the sales of assets, which result in different cash values being received for them than what was originally paid, in order to affix some amount of taxation to the income and wealth that is generated through investment activities.
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Schedule I Bank
- A Canadian financial institution regulated under the Federal Bank Act. A Schedule I bank cannot be wholly owned by non-residents.
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Schedule II Bank
- A bank which is a subsidiary of a foreign bank and authorized to accept deposits within Canada. A Schedule II bank is a financial institution regulated by Canada's Federal Bank Act and can be owned either domestically or foreignly. A foreign Schedule II bank can be owned by non-residents, and a Canadian Schedule II bank is owned by a Schedule I bank.
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Schedule TO-C
- This schedule, filed with the SEC, is simply any written communication relating to a tender offer. The tender offer may be either an issuer or a third party tender offer. Schedule TO-C also requires the calculation of the filing fee.
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Schedule TO-I
- This schedule is known as an "issuer tender offer statement." It must be filed by certain reporting companies that make tender offers for their own securities – a "self-tender." In addition, Rule 13e-4, under the 1934 Act, imposes added requirements that an issuer must comply with when it is making an issuer tender offer. This schedule replaced Schedule 13e-4 as of January, 2000.
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Schedule TO-T
- This schedule must be filed with the SEC by any entity, other than the issuer itself, making a tender offer for certain equity securities registered pursuant to Section 14d or 13e of the 1934 Act. This schedule replaced Schedule 14D-1 in January, 2000.
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Scheduled Recast
- A recalculation of the remaining amortization schedule of a mortgage at a certain date set and known in advance. A scheduled recast is part of some mortgage programs because those mortgages have features which allow for payments to be made early for mortgages which are not fully amortizing. Therefore, at the scheduled recast date, a new amortization schedule is calculated based on the remaining term and principal balance at the time which ensures that the mortgage will be paid off by the end of its original term. This usually means that the remaining scheduled payments will increase.
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Scope
- A project management term for the combined objectives and requirements necessary to complete a project. Properly defining the scope of a project allows a manager to estimate costs and the time required to finish the project.
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Scorched Earth Policy
- An anti-takeover strategy that a firm undertakes by liquidating its valuable and desired assets and assuming liabilities in an effort to make the proposed takeover unattractive to the acquiring firm.
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SCR
- In currencies, this is the abbreviation for the Seychelles Rupee.
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SCR (Seychelles Rupee)
- The currency abbreviation for the Seychelles rupee (SCR), the currency for Seychelles. The Seychelles rupee is made up of 100 cents and is often presented with the symbol SR or SRe. The Seychelles rupee is spelled "roupi" in the local Seselwa language.
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Scrip
- 1. A written document that acknowledges a debt.
2. A temporary document representing a fraction of a share resulting from a split or spin-off. Scrips may be applied to the purchase of full shares.
3. Currency issued by a private corporation
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Scripophily
- The hobby of collecting antique bonds, stocks and other financial instruments based on their esthetics and prominence in the financial world.
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SDD
- In currencies, this is the abbreviation for the Sudanese Dinar.
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SDD (Sudanese Dinar)
- The currency abbreviation for the Sudanese dinar (SDD), the currency for Sudan between June of 1992 and January of 2007. The Sudanese dinar was made up of 100 dirham and was often presented with the symbol LSd or £Sd.
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SDP
- In currencies, this is the abbreviation for the Sudanese Pound.
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SDP (Sudanese Pound)
- The currency abbreviation or currency symbol for the first Sudanese pound (SDP), the currency for Sudan from 1956 to 1992. The Sudanese pound was made up of 100 piastre, or qirush in Arabic. The Sudanese pound was known as "junaih" in Arabic.
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Seagull Option
- A three-legged option strategy, often used in forex trading, that can provide a hedge against the undesired movement of an underlying asset. A seagull option is structured through the purchase of a call spread and the sale of a put option (or vice versa).
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Seasonality
- A characteristic of a time series in which the data experiences regular and predictable changes which recur every calendar year. Any predictable change or pattern in a time series that recurs or repeats over a one-year period can be said to be seasonal.
Note that seasonal effects are different from cyclical effects, as seasonal cycles are contained within one calendar year, while cyclical effects (such as boosted sales due to low unemployment rates) can span time periods shorter or longer than one calendar year.
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Seasonally Adjusted Annual Rate - SAAR
- A rate adjustment used for economic or business data that attempts to remove the seasonal variations in the data. Most data will be affected by the time of the year. Adjusting for the seasonality in data means more accurate relative comparisons can be drawn from month to month all year.
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Seasoned Issue
- An issue of securities from an established company whose existing shares have exhibited stable price movements and substantial trading volume over time, thereby earning a good reputation.
This is also known as a "seasoned equity offering" (SEO).
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Seasoned Security
- 1. A financial instrument that has been publicly traded in the secondary market long enough to eliminate any short-term effects from its initial public offering.
2. Any security that has been issued and actively traded in the Euromarket for at least 40 days.
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Seasons
- A slang phrase used by venture capitalists to refer to the current stage of a proposed business idea or concept.
The progression is spring (infancy), summer (adolescence), fall (maturing), winter (mature).
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Seat
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SEC DEL AM Filing
- Annual and transition reports pursuant to Section 13 and 15(d) where the Regulation S-K item 405 box on the cover page is checked. Regulation S-K concerns instructions for the SEC DEL AM filing under the Securities Acts of 1933 and 1934.
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SEC Fee
- A nominal fee that was created by the Securities Exchange Act of 1934 to be an additional transaction cost attached to the selling of exchange-listed equities. This fee is usually listed as a separate fee, independent of any associated brokerage commissions or fees.
Up until 2007, the fee is 1% of one three-hundredth of the dollar value of the equities sold. After 2007, the fee will be 1% of one eight-hundredth of the dollar value of the equities sold.
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SEC Form 1
- An application for and amendments to an application for registration as a national securities exchange or exemption from registration pursuant to section 5 of the Securities Exchange Act of 1934. Section 6 of the Exchange Act requires that stock exchanges register with the SEC Form 1 in order to be considered national securities exchanges.
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SEC Form 1-A
- A filing with the Securities and Exchange Commission (SEC) required for the registration of certain securities. Securities issued in reliance upon Regulation A provisions must provide investors with an offering statement meeting the requirements of Form 1-A.
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SEC Form 1-E
- A notification form required by the SEC. This form lists all relevant information pertaining to a small business issuer of securities, including data on its principals, location and size, among other things. Affiliates, directors and officers and jurisdiction of issuance are also covered.
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SEC Form 10-12B
- A filing with the Securities and Exchange Commission (SEC), also known as the Initial General Form for Registration of Securities, required when a public company issues a new class of stock through a spin-off. SEC Form 10-12B contains information about the original shares issued, the new shares affected and information about how and on which exchange the new shares will trade.
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SEC Form 10-12G
- A filing with the Securities and Exchange Commission (SEC), also known as the "Initial Form for General Registration of Securities", required when a publicly traded corporation issues new shares of a company's stock. SEC Form 10-12G contains information about the number of shares issued, their par value, ownership information for key shareholders and executives, and specific information about the company's line of business.
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SEC Form 10-C
- A form filed with the Securities and Exchange Commission (SEC) by companies whose securities are quoted on the NASDAQ interdealer quotation system. This form is used any time there is a change in oustanding shares in excess of 5% or if there is a change in the name of the issuer.
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SEC Form 10-K405
- A form used by the Securities and Exchange Commission (SEC) prior to 2003. SEC Form 10-K405 was used to indicate that an officer or director of a company failed to file a Form 4 (or similar Form 3 or Form 5) on time, meaning that they did not disclose their insider trading activities within the required time frame.
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SEC Form 10-KSB405
- A Securities and Exchange Commission (SEC) form similar to the 10-K405 but for small businesses. Both forms were used by the SEC prior to 2003. It was used when a company did not file a Form 4 (or similar 3 or 5) disclosing their insider trading activities on time.
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SEC Form 10-KT
- A filing with the Securities and Exchange Commission (SEC) that is submitted in lieu of or in addition to a standard 10-K annual report when a company changes its fiscal year-end. The report provides a comprehensive overview of the company's business activities. Companies return to filing a standard 10-K report once the transition to the new fiscal year is complete.
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SEC Form 10-KT405
- An obsolete Securities and Exchange Commission (SEC) form that was submitted in lieu of a 10-K405 when a company changed its fiscal year-end. SEC Form 10-KT405, and the 10-K405, were used by the SEC prior to 2003. The form was used when a company was not punctual in filing a Form 4 (or similar Form 3 or Form 5) disclosing its insider trading activities.
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SEC Form 10-Q
- A comprehensive report of a company's performance that must be submitted quarterly by all public companies to the Securities and Exchange Commission. In the 10-Q, firms are required to disclose relevant information regarding their financial position. The form must be submitted on time, and the information should be available to all interested parties.
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SEC Form 10-QT
- An SEC form used when there is a presentation of "transitional periods" rather than the standard three-month period covered by a traditional 10-Q. SEC Form 10-QT is typically filed subsequent to an 8-K filing notifying the SEC of a change of fiscal year end. It must conform in all other respects to the requirements of a form 10-Q except for the time periods presented.
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SEC Form 10SB12B
- A filing with the Securities and Exchange Commission (SEC), also known as the "Initial Registration of Securities for a Small Business Form", used to register new securities that will be available for public investment. The same general security registration information is required on SEC Form 10SB12B as is on SEC Form 10-12, but in a consolidated format meant to ease the filing burden of smaller companies. This information includes information about the company's management, number of shares to be issued, par value of issued shares and the exchange where the shares will trade.
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SEC Form 11-KT
- A form filed with the Securities and Exchange Commission (SEC) that a company submits in lieu of, or in addition to, a standard 11-K report when a company changes its fiscal year-end. The SEC Form 11-K is a special report for employee stock purchase, savings, and similar plans. The form is required in addition to the 10-KT, which provides a comprehensive overview of the company's business activities.
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SEC Form 15-12B
- A certification of termination of registration of a class of security under Section 12(g) or notice of suspension of duty to file reports pursuant to Section 13 and 15(d) of the 1934 Securities Exchange Act Section 12(b).
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SEC Form 15-12G
- A certification of termination of registration of a class of security under Section 12(g), or notice of suspension of duty to file reports pursuant to Section 13 and 15(d) of the 1934 Securities Exchange Act Section 12(g).
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SEC Form 15-15D
- A certification of termination of registration of a class of security under Section 12(g), or notice of suspension of duty to file reports pursuant to Section 13 and 15(d) of the 1934 Securities Exchange Act Section 13 and 15(d).
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SEC Form 17-H
- A report that is filed by a securities broker-dealer with the Securities and Exchange Commission, disclosing its business activities related to risk assessment. Required reporting includes a copy of the current organizational chart, copies of all risk management and related policies, information related to any legal proceedings and financial statements.
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SEC Form 18-12B
- A filing with the Securities and Exchange Commission (SEC), also known as the Application for Registration of Foreign Governments and Political Subdivisions, used to register securities to be offered by foreign governments in the U.S. markets. The information required on SEC Form 18-12B includes the title, type and amount of security, as well as the exchanges it will trade on.
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SEC Form 18-12G
- A filing with the Securities and Exchange Commission (SEC), also known as the "Application for Registration of Foreign Governments and Political Subdivisions", required for foreign governments wishing to offer a security for sale on the U.S. market. The information required from a foreign government on this form includes the title, type and amount of security, as well as the exchanges it will trade on.
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SEC Form 19b-4
- A form that is used to inform the SEC of a proposed rule change by a self-regulatory organization or SRO pursuant to Rule 19b-4 under the Securities Exchange Act of 1934. Many such rule changes may take effect upon filing SEC Form 19b-4 with the SEC.
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SEC Form 19b-4(e)
- A form that is required to be filed by self-regulatory organizations with the SEC every time they wish to list a new derivative securities product pursuant to Rule 19b-4(e) of the Securities Exchange Act of 1934. SEC Form 19b-4(e) must be filed at least five business days after commencement of trading of the new derivative securities product.
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SEC Form 19b-7
- A form that is used to inform the SEC of a proposed rule change by a self-regulatory organization (SRO) or SRO pursuant to Rule 19b-7 under the Securities Exchange Act of 1934. Many such rule changes may take effect upon filing SEC Form 19b-7 with the SEC.
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SEC Form 2-A
- A filing with the Securities and Exchange Commission (SEC) required to disclose the sale and use of proceeds of certain securities.
Each issuer and/or holder of securities sold in reliance upon Regulation A provisions must file seven copies of this report either every two quarters until all the proceeds of the security sale have been applied or 30 calendar days after the final sale, whichever is later. The last filing is labeled the "final report."
It is important to note that the temporary investment of proceeds pending final application does not constitute an application of the proceeds and does not need to be included in this filing.
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SEC Form 2-E
- A filing with the Securities and Exchange Commission (SEC) that must be submitted semiannually by small business investment companies that have engaged in a limited offering of their securities. The form must contain information regarding the start and end date of the offering, number of shares offered, number of shares sold, amounts received, expenses paid, whether the offering has been discontinued and why, and the names of all brokers and dealers who participated in the offering.
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SEC Form 20-F
- A form issued by the Securities and Exchange Commission (SEC) that must be submitted by all "foreign private issuers" that have listed equity shares on exchanges in the United States. Form 20-F calls for the submission of an annual report within six months of the end of the company's fiscal year, or if the fiscal year-end date changes.
The reporting and eligibility requirements for form 20-F are stated in the Securities Exchange Act of 1934. The information requirements are not as strict as for domestic U.S. companies; companies in which less than 50% of voting shares are held by U.S. investors may be eligible.
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SEC Form 20FR12B
- A filing with the Securities and Exchange Commission (SEC), which is used to register the securities of a foreign company that wishes to trade on U.S. exchanges. This filing is also known as the Registration for a Class of Foreign Private Issues. Information required on this form includes U.S.-based investor relations contacts, an English translation of the company's name, the expected exchange of trading and a full security description.
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SEC Form 20FR12G
- A filing with the Securities and Exchange Commission (SEC) which is required when a non-U.S. company wishes to issue securities for purchase on U.S. exchanges. This form is also known as the Registration for a Class of Foreign Private Issues. Information required on Form 20FR12G includes domestic contact information, the company's name translated into English, the proposed exchange for trading and the title of the security.
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SEC Form 24F-1
- A filing with the Securities and Exchange Commission (SEC) that is required when an investment company sells more shares than its initial registration filing had stated. This form is also known as the Notice of Election of Retroactive Registration. Information on this form includes the number of shares to be retroactively registered and the date of retroactive registration.
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SEC Form 24F-2
- A filing with the Securities and Exchange Commission (SEC) that must be submitted annually by open-end management investment companies, face-amount certificate companies, and unit investment trusts. The form must specify the name of each series or class of securities for which the form is filed, and must be filed within 90 days of the end of the fiscal year during which the company has publicly offered such securities.
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SEC Form 24F-2EL
- A discontinued filing with the Securities and Exchange Commission (SEC), also known as the "Annual Notice of Securities Sold By an Investment Company". It includes the total number of shares and corresponding dollar amount, that have been sold by the investment company during the previous year.
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SEC Form 24F-2NT
- A filing with the Securities and Exchange Commission (SEC) that is required when an investment company, such as a mutual fund, sells more shares than initially stated in its registration filing. Information included on SEC Form 24F-2NT includes the amount of additional shares to be registered and the retroactive registration date for the additional shares.
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SEC Form 25
- A notification given to the SEC by a national securities exchange telling of the removal from listing on that exchange and registration of matured, redeemed or retired corporate securities. SEC Form 25 is required by Rule 12d2-2 of the Securities Exchange Act of 1934. A security is considered to be delisted 10 days after the filing of Form 25 with the SEC.
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SEC Form 26
- A form that is filed by a national securities exchange to notify the SEC of the admission to trading of a substituted or additional class of security under Rule 12a-5 of the Securities Exchange Act of 1934. SEC Form 26 informs the SEC of the dates that the security was or will be admitted for trading, both when-issued and in the regular way.
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SEC Form 305B2
- The application for the designation of a new trustee. SEC Form 305B2 is an initial statement filed with the SEC that contains any pre-effective amendments. This form allows for a designation of a trustee under the Trust Indenture Act.
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SEC Form 35-APP
- A now-obsolete filing with the Securities and Exchange Commission (SEC) that had to be submitted by public utility holding companies wanting to engage in a transaction for which no other form of application was prescribed. SEC Form 35-APP provided investors and the SEC with detailed information about the proposed transaction as part of the SEC's efforts to regulate public utility holding companies.
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SEC Form 35-CERT
- A now-obsolete filing with the Securities and Exchange Commission (SEC) that had to be submitted by public utility holding companies to certify compliance with terms and conditions required by Rule 24 of the Public Utility Holding Company Act (PUHCA) of 1935. This form provided investors and the SEC with detailed information about the registrant's compliance as part of the SEC's efforts to regulate public utility holding companies.
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SEC Form 424A
- The prospectus form that a company must file if it has made significant changes to a previously-filed prospectus submitted as part of its registration statement. A company must provide five copies of each prospectus form prior to the effective registration date of the change.
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SEC Form 424B1
- The prospectus form that a company must file to provide additional information that was not included in its initial prospectus filing upon registration. Companies are required to file prospectus form 424B1 in accordance with SEC Rule 424(b)(1) per the Securities Exchange Act of 1933.
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SEC Form 424B2
- The prospectus form that a company must file if it is making a primary offering of securities on a delayed basis. SEC form 424B2 must include information about the security being offered, including the price set for the public offering and the method of distribution.
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SEC Form 424B3
- The prospectus form that a company is required to file, detailing the information that created a significant change from previously-supplied information provided in the company's prior prospectus filed with the SEC. Companies are required to file prospectus form 424B3 in accordance with Rule 424(b)(3) of the Securities Exchange Act of 1933.
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SEC Form 424B4
- The prospectus form that a company must file to disclose information referred to in forms 424B1 and 424B3. Companies are required to file prospectus form 424B4 in accordance with Rule 424(b)(4) of the Securities Exchange Act of 1933.
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SEC Form 424B5
- The prospectus form that companies must file to disclose information referred to in forms 424B2 and form 424B3. It outlines updated prospectus information, facts or events from previously-filed forms.
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SEC Form 425
- The prospectus form that companies must file to disclose information regarding business combination transactions. A business combination can refer to a statutory merger between two or more companies or a statutory consolidation. Companies are required to file prospectus form 425 in accordance with rules 425 and 165 of the Securities Exchange Act of 1933.
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SEC Form 45B-3
- A form filed with the SEC regarding the extension of credit previously requested. This is a transitional form only.
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SEC Form 485A24E
- A registration statement for separate accounts (management investment companies), which contains post-effective amendments filed pursuant to Rule 485(a) with additional shares under Rule 24e-2. The SEC Form 485A24E filing cannot be submitted as an Investment-Company-Act-of-1940-only filing.
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SEC Form 485A24F
- A registration statement for separate accounts (management investment companies), which contains post-effective amendments filed pursuant to Rule 485(a) with additional shares under Rule 24f-2. SEC Form 485A24F cannot be submitted as an Investment Company-Act-of-1940-only filing.
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SEC Form 487
- A filing with the Securities and Exchange Commission (SEC), also known as the Pre-Effective Pricing Amendments Form, that is used to amend the information contained on a previously filed SEC Form S-6 for Unit Investment Trust Registration. The information required on SEC Form 487 is the same as required on as the initial Form S-6, including management company info, risks, costs and portfolio objectives.
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SEC Form 497
- The SEC form that investment companies use to file their definitive materials in the SEC's EDGAR filing system. Definitive materials include any piece of information that could be relevant to an investor's decision about buying, selling or keeping their financial share in a company.
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SEC Form 497K1
- A filing with the Securities and Exchange Commission (SEC), also known as the Profiles for Certain Open-Ended Investment Companies Form, used to file official copies of a "Short-Form Prospectus" for open-ended mutual funds. The information contained on SEC Form 497K1 includes the risks, costs, potential holdings, and redemption procedures for an open-ended mutual fund being sold to the public.
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SEC Form 6-K
- A form administrated by the Securities and Exchange Commission (SEC), the 6-K is a required submission for foreign private issuers of securities, pursuant to stated rules in the Securities Exchange Act of 1934. Any information that a foreign company issues to its local securities regulators, investors or stock exchange must also be submitted on the Form 6-K. As such, the 6-K is a catch-all for material information that arises in between annual and quarterly financial reports, which are also submitted to the SEC.
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SEC Form 8-A12B
- A filing with the Securities and Exchange Commission (SEC) that is required when a corporation wishes to issue certain classes of securities, including rights to buy such securities at a future date. This filing is also known as the Registration for Listing of a Security on a National Exchange Form. Included in SEC Form 8-A12B are details of the issuer and the security.
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SEC Form 8-A12G
- A filing with the Securities and Exchange Commission (SEC), also known as the Registration for Listing of a Security on a National Exchange Form, required when a company issues certain stock or bond securities, including warrants and convertible bonds. Information required on Form 8-A12G includes the type of security, its terms (par value, interest rate, maturity, etc), as well as contact information for the issuing company. Related forms: SEC Forms 8-A12G/A, 8-A12B, 8-A12B/A
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SEC Form 8-B12B
- A filing with the Securities and Exchange Commission (SEC) which concerns registration of securities of certain successor issuers pursuant to section 12(b) of the Securities Exchange Act of 1934. Section 12(b) concerns the registration of a security by its issuer on a national securities exchange. Section 12(b) covers all of the forms and financial statements that are required by the SEC to approve a securities registration.
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SEC Form 8-B12G
- A filing with the Securities and Exchange Commission (SEC) concerning the registration of securities of certain successor issuers, pursuant to section 12(g) of the Securities Exchange Act of 1934. Section 12(g) concerns the registration of a security by its issuer. This section specifically discuess exemption to the rules and the types of issuers that may be exempt from the 1934 Securities Exchange Act's requirement of registering the issuance of securities.
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SEC Form 8-K12G3
- A form that is an initial filing for the notification of securities of successor issuers deemed to register pursuant to Section 12. Section 12 of the Securities Exchange Act of 1934 concerns all of the registration requirements for securities to be listed on an exchange.
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SEC Form 8-K15D5
- A form that is an initial filing for the notification of assumption of duty to report by successor issue under Section 15(d). Section 15(d) of the Securities Exchange Act of 1934 concerns the required filing of pertinent reports such as the annual report by registrants (listed companies).
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SEC Form 8A12BEF
- This form concerns the registration of listed debt securities (bonds) pursuant to Section 12(b) of the Securities Exchange Act of 1934. SEC Form 8A12BEF is to become effective automatically upon filing.
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SEC Form 8A12BT
- A form concerned with the registration of listed debt securities (bonds) pursuant to Section 12(b) of the Securities Exchange Act of 1934. SEC Form 8A12BT is to become effective simultaneously with the effective of a concurrent Securities Act registration statement.
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SEC Form ADV
- The application for registration as an investment adviser or an amendment thereto. Part one of the SEC Form ADV provides personal information about the applicant. Part two outlines the applicant's line and scope of business, as well as the nature of the adviser's clientele and fees charged. The application is used to register with both state and federal authorities.
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SEC Form ADV-E
- A certification of client assets, both cash and securities that are held by a Registered Investment Adviser. The SEC Form ADV-E is used chiefly by accountants. It contains both information about the adviser and the state his or her practice along with a listing of client securities and holdings.
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SEC Form ADV-H
- An application for either a temporary or continuing hardship exemption previously granted by the SEC. The form contains identifying information of the adviser, and the reason for the hardship continuance request. This infomation must be provided regardless of whether the hardship is temporary or continuing.
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SEC Form ADV-NR
- A request for the appointment of agency with the SEC. This type of appointment is for a non-resident general partner or managing agent of an investment adviser. The form contains appointment of agent and consent clauses for the non-resident manager or partner of the adviser.
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SEC Form ADV-W
- The form used to withdraw registration as a Registered Investment Adviser with the SEC. This form has several schedules that must be completed listing the advisor's contact information, current business and status of clientele. A statement of financial condition, along with a description of books and records, is also required.
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SEC Form ARS
- This is the annual report to shareholders. It is the principal document used by public companies to report on the current state of its financial condition and is followed by an annual meeting of shareholders.
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SEC Form ATS
- A form that is filed with the SEC as an initial operation report or an amendment to initial operation report, or a cessation of operations report for alternative trading systems. SEC Form ATS must be filed 20 days prior to the initial operation or before a material change to an alternative trading system.
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SEC Form ATS-R
- A form that is filed with the SEC by alternative trading systems. SEC Form ATS-R details the alternative trading systems' quarterly activities and must be filed within 30 days of the end of each calendar quarter. Activity disclosed includes both the unit and dollar volume of trades in all types of securities.
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SEC Form AW
- A filing with the Securities and Exchange Commission (SEC) that must be filed by a registrant wishing to withdraw a previously filed amendment. This form contains information regarding the filing to be withdrawn, reason for withdrawal and who may be contacted if there are any questions about the withdrawal.
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SEC Form BD
- A form that is completed and submitted to the Securities and Exchange Commission in order to apply for registration as a securities broker-dealer, including for government securities. The form requires that the firm disclose background information, including management policies that direct the company, the names of executives and general partners, successor information and any current legal proceedings or previous securities violations.
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SEC Form BDW
- A form that must be completed by all securities broker-dealers and submitted to the Securities and Exchange Commission (SEC) in order to terminate status as a registered broker. Form BDW can be used by the broker-dealer to file either a full withdrawal or partial withdrawal. A partial withdrawal terminates a broker's registration within specific jurisdictions and self-regulatory organizations (SRO). However, a partial withdrawal does not terminate its registration with the SEC and at least one SRO and jurisdiction.
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SEC Form CA-1
- A form that is completed and submitted to the Securities and Exchange Commission (SEC) for the purpose of registering as a clearing agency. SEC Form CA-1 is also used to apply for exemption from registration as a clearing agency and to make any amendments to a firm already registered.
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SEC Form CB
- A filing with the Securities and Exchange Commission (SEC) required when engaged in specified tender offers, rights offerings or business combinations with a foreign private issuer with less than 10% of its securities held by U.S. persons.
SEC Form CB is used to report cross-border transactions and must be filed by both foreign and domestic persons engaged in the transaction.
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SEC Form D
- A filing with the Securities and Exchange Commission (SEC) required for companies that are selling securities in reliance on a Regulation D exemption or Section 4(6) exemption provisions.
Form D is a brief notice of a company's executive officers and stock promoters, in lieu of the regular reports required when no exemption under Regulation D exists.
Form D must be filed no later than 15 days after the first sale of securities.
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SEC Form DEF 14A
- A filing with the Securities and Exchange Commission (SEC) that must be filed by or on behalf of a registrant when a shareholder vote is required. SEC Form DEF 14A is most commonly used in conjunction with an annual meeting proxy. The form should provide security holders with sufficient information to allow them to make an informed vote at an upcoming security holders' meeting or to authorize a proxy to vote on their behalf. It includes information about the date, time and place of the meeting of security holders; revocability of proxy; dissenter's right of appraisal; persons making the solicitation; direct or indirect interest of certain persons in matters to be acted upon; modification or exchange of securities; financial statements; voting procedures; and other details.
All other filed by non-management definitive proxy statements - typically an annual meeting proxy
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SEC Form DEF13E3
- Form DEF13E3 is an initial preliminary statement in connection with a company or an affiliate going private. It is accompanied by other proxy materials pursuant to SEC rules governing "going private" transactions. In combination, all the filings will describe the transaction in detail, including the proposed ownership and financing.
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SEC Form DEFA14A
- A filing with the Securities and Exchange Commission (SEC) that must be filed by or on behalf of a registrant when the registrant wants to provide additional materials related to an upcoming required shareholder vote. SEC Form DEFA14A should provide security holders with sufficient information to allow them to make an informed vote at an upcoming security holders' meeting or to authorize a proxy to vote on their behalf. It includes information about the date, time and place of the meeting of security holders; revocability of proxy; dissenter's right of appraisal; persons making the solicitation; direct or indirect interest of certain persons in matters to be acted upon; modification or exchange of securities; financial statements; voting procedures; and other details.
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SEC Form DEFA14C
- Form DEFA14C is for filing "definitive additional information statement materials, including rule 14(a) 12 material." SEC Form DEFA14C can cover supplemental information from other filings, or correct deficiencies in information in other filings.
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SEC Form DEFM14A
- A filing with the Securities and Exchange Commission (SEC) that must be filed by or on behalf of a registrant when a shareholder vote is required on an issue related to a merger or acquisition. SEC Form DEFM14A should provide security holders with sufficient information to allow them to make an informed vote at an upcoming security holders' meeting or to authorize a proxy to vote on their behalf. It includes information about the date, time and place of the meeting of security holders; revocability of proxy; dissenter's right of appraisal; persons making the solicitation; direct or indirect interest of certain persons in matters to be acted upon; modification or exchange of securities; financial statements; voting procedures; acquisition or disposition of property; amendment of charter, bylaws, or other documents; and other details.
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SEC Form DEFM14C
- A filing with the Securities and Exchange Commission (SEC) that must be filed by a registrant intending to be part of a merger or acquisition. SEC Form DEFM14C applies to security holders who are entitled to vote on issues for which the company is not soliciting proxies. It provides security holders with information required by Schedule 14A as well as information about the interest of certain persons in or opposition to matters to be acted upon and proposals by security holders. The form is required to state that proxies were not being solicited.
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SEC Form DEFN14A
- A filing with the Securities and Exchange Commission (SEC) that must be filed by or on behalf of non-management not in connection with contested solicitations when a shareholder vote is required. SEC Form DEFN14A should provide security holders with sufficient information to allow them to make an informed vote at an upcoming security holders' meeting or to authorize a proxy to vote on their behalf. It includes information about: the date, time and place of the meeting of security holders; revocability of proxy; dissenter's right of appraisal; persons making the solicitation; direct or indirect interest of certain persons in matters to be acted upon; modification or exchange of securities; financial statements; voting procedures; other details.
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SEC Form DEFR14A
- A form that is required to be filed with the SEC to revise definitive information previously filed in a form DEFA14A. SEC Form DEFR14A revises the additional definitive information in connection with a proxy solicitation that is filed through the latter form.
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SEC Form DEFR14C
- A revision to form DEFA14C. This form is a definitive information statement that discloses important information but is not connected to the solicitation of proxy votes. The information contained in a DEFA14C (or DEFR14C) form can cover a multitude of items that are deemed important for shareholders.
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SEC Form DEFS14A
- A now-obsolete filing with the Securities and Exchange Commission (SEC) that had to be filed when definitive proxy materials were provided to shareholders with regard to a special meeting. SEC Form DEFS14A was intended to provide security holders with sufficient information to allow them to make an informed vote at an upcoming security holders' meeting or to authorize a proxy to vote on their behalf. It included information about the date, time and place of the meeting; revocability of proxy; dissenter's right of appraisal; persons making the solicitation; direct or indirect interest of certain persons in matters to be acted upon; modification or exchange of securities; financial statements; voting procedures; and other details.
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SEC Form DEFS14C
- A now-obsolete filing with the Securities and Exchange Commission (SEC) that had to be filed by a registrant intending to hold a special meeting. SEC Form DEFS14C applies to security holders who were entitled to vote on issues for which the company was not soliciting proxies. It provided security holders with information required by Schedule 14A as well as information about whether certain persons, such as directors, officers and associates, had an interest in corporate matters that differed from the interest of general shareholders, or intended to oppose action to be taken by the corporation at a shareholders’ meeting. The form was required to state that proxies were not being solicited.
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SEC Form DFAN14A
- This is a filing with the Securities and Exchange Commission under section 14A of the code. SEC Form DFAN14A covers an "Additional Definitive Proxy Solicitation Materials Filed by Non Management." This form is applicable for non managment proxy solicitations not supported by the registrant.
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SEC Form DFRN14A
- A filing with the Securities and Exchange Commission (SEC) used by non-management to file definitive proxy soliciting materials requiring a shareholder vote. SEC Form DFRN14A should provide security holders with sufficient information about the issue at hand to allow them to make an informed vote at an upcoming security holders' meeting or to authorize a proxy to vote on their behalf. It includes information about: the date, time and place of the meeting of security holders; revocability of proxy; dissenter's right of appraisal; persons making the solicitation; direct or indirect interest of certain persons in matters to be acted upon; modification or exchange of securities; financial statements; voting procedures; and other details.
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SEC Form F-1
- A filing with the Securities and Exchange Commission (SEC) required for the registration of certain securities by foreign issuers. SEC Form F-1 is required to register securities issued by foreign issuers for which no other specialized form exists or is authorized.
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SEC Form F-10
- A filing with the Securities and Exchange Commission (SEC) that publicly-traded Canadian foreign private issuers are required to use. These issuers must have been subject to continuous disclosure by a Canadian authority over the 12 months preceding the filing, in order to register any securities (except certain derivative securities). Companies filing an SEC Form F-10 must have an aggregate market value of public float or outstanding equity of at least $75 million. This form is a wraparound form for the relevant Canadian offering documents required by securities regulation in Canada, and unlike SEC Forms F-7, F-8, F-9 and F-80, SEC Form F-10 requires the Canadian issuer to reconcile its financial statements to U.S. Generally Accepted Accounting Principles (GAAP).
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SEC Form F-3
- A filing with the Securities and Exchange Commission (SEC) required for the registration of certain securities by foreign issuers. SEC Form F-3 is used by certain foreign private issuers that have a global market capitalization greater than $75 million and that have reported under the 1934 Act for a minimum of 1 year. It is also used by eligible foreign private issuers to register offerings of non-convertible investment-grade securities.
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SEC Form F-4
- A filing with the Securities and Exchange Commission (SEC) required for the registration of certain securities by foreign issuers. SEC Form F-4 is used to register securities involving foreign private issuers in connection with exchange offers and business combinations.
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SEC Form F-6
- A filing with the Securities and Exchange Commission (SEC) required for the registration of certain securities by foreign issuers. SEC Form F-6 is used to register shares represented by American depositary receipts (ADRs) issued by a depositary against the deposit of the securities of a foreign issuer.
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SEC Form F-6EF
- A filing with the Securities and Exchange Commission (SEC), also known as the Registration for Depository Shares form, required for private foreign companies who wish to have shares of their company trade as American Depository Receipts (ADRs). SEC Form F-6EF must include the issuer's foreign name, its name translated into English and the contact information for the U.S.-based depository issuing the ADRs.
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SEC Form F-7
- A filing with the Securities and Exchange Commission (SEC) that publicly-traded Canadian foreign private issuers are required to use. These issuers must have had a class of its securities listed on a Canadian exchange for the 12 months preceding the filing. Form F-7 is issued when shareholders exercise a right to purchase. The SEC requires that if an issuer is registered using SEC Form F-7, then the rights must be granted to U.S. shareholders on terms no less favorable than those extended to the foreign shareholders. This form is a wraparound form for the relevant Canadian offering documents required by securities regulation in Canada.
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SEC Form F-8
- A filing with the Securities and Exchange Commission (SEC) required to be used by large publicly traded Canadian foreign private issuers to register securities offered in business combinations, mergers and exchange offers requiring a shareholder vote. SEC Form F-8 may only be used if a takeover bid circular (or information circular for a business combination) is prepared prior, and securities offered through Form F-8, must be offered to U.S. holders on terms no less favorable than those extended to foreign shareholders. SEC Form F-8 acts as a wraparound for the relevant Canadian registration and disclosure documentation required by Canadian securities laws and regulations.
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SEC Form F-80
- A filing with the Securities and Exchange Commission (SEC) that large publicly-traded Canadian foreign private issuers are required to use. These issuers must have had a class of its securities listed on a Canadian exchange for the 12 months preceding the filing, in order to register securities offered in business combinations and exchange offers. The company filing an SEC Form F-80 must have a minimum aggregate market value of the public float of outstanding shares of C$75 million. This form is a wraparound form for the relevant Canadian offering documents required by securities regulation in Canada, and the securities must be offered to U.S. holders on terms no less favorable than those extended to other holders.
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SEC Form F-9
- A filing with the Securities and Exchange Commission (SEC) that publicly-traded Canadian foreign private issuers are required to use. These issuers must have been subject to continuous disclosure by a Canadian authority over the 12 months preceding the filing in order to register nonconvertible investment-grade debt or securities. These securities must be offered for cash or as part of an exchange offer and must be non-convertible for at least one year, unless the registrant is a majority-owned subsidiary.
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SEC Form F-N
- A filing with the Securities and Exchange Commission (SEC) required by foreign issuers to appoint an agent for making a public offering in the United States. SEC Form F-N must be filed by foreign banks, insurance companies and their subsidiaries. If the foreign issuer has already filed an SEC Form F-X, it is exempt from having to file this form under the Securities Act of 1933. Issuers are also exempt from having to file Form F-N if they are issuing debt securities or non-voting preferred shares.
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SEC Form F-X
- A filing with the Securities and Exchange Commission (SEC) that requires an issuer that is doing one of the following to appoint an agent that may be served processes, pleadings, subpoenas or other papers:
- registering securities using SEC Forms F-8, F-9, F-10 or F-80 under the Securities Act of 1933;
- registering securities using SEC Form 40-F under the Securities Act of 1933;
- filing tender offer documents on SEC Forms 13E-4F, 14D-1F or 14D-9F;
- a Canadian issuer qualifying an offering pursuant to Regulation A; or
- any foreign issuer using Form CB in connection with a tender offer, rights offering or business combination; or acting as trustee for securities registered using form F-7, F-8, F-9, F-10, F-80
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SEC Form MSD
- A form that a bank, or a specific division or department of a bank, must complete and file with the Securities and Exchange Commission (SEC) in order to apply for registration as a municipal securities dealer (MSD). SEC form MSD is also used to make any amendments to a current MSD registration.
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SEC Form N-14
- A filing with the Securities and Exchange Commission (SEC) that may be used by all management investment companies and business development companies to register certain types of transactions under the Securities Act of 1933. These transactions include those specified in the Securities Act, a merger in which a vote or consent of the security holders of the company being acquired is not required, an exchange offer for securities of the issuer or another person, a public reoffering or resale of any securities acquired in an offering registered on Form N-14, or any combination of such transactions.
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SEC Form N-14AE
- A form related to Form N-14, which, in general, is a form used to register securities issued by investment companies (mutual funds) in connection with business combinations and mergers pursuant to Rule 145 under the Securities Act of 1933. SEC Form N-14AE is an initial registration statement filed by an investment company to register securities with automatic effectiveness under Rule 488.
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SEC Form N-17D-1
- A filing with the Securities and Exchange Commission (SEC) that must be submitted by a small business investment company (SBIC), licensed under the Small Business Investment Act of 1950, and by a bank that is affiliated with the SBIC. SEC Form N-17D-1 must be filed semiannually within 30 days after the end of the six-month period in which one of the following events required to be reported occurs: investment in a small business concern, or disposition, default, modification or extension of any investment of the SBIC.
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SEC Form N-17f-1
- A filing with the Securities and Exchange Commission (SEC) that must be submitted by investment companies that place or maintain securities or similar investments in the custody of a company that is a member of a national securities exchange. When filing a SEC Form N-17f-1, the investment company is also required to retain an independent public accountant to verify the company's securities and similar investments by actual examination three times during each fiscal year. The accountant must prepare a certificate stating that the examination has occurred, and describing the examination, and must transmit the certificate to the SEC as well as to the appropriate state administrators.
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SEC Form N-17f-2
- A filing with the Securities and Exchange Commission (SEC) that must be submitted by investment companies that have custody of securities or similar investments. The investment company is required to retain an independent public accountant to verify the company's securities and similar investments by actual examination three times during each fiscal year. The accountant must prepare a certificate stating that the examination has occurred and describing the examination and submit it to the SEC.
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SEC Form N-18f-1
- A filing with the Securities and Exchange Commission (SEC) that must be submitted by a fund, that has the right to redeem in-kind securities of which it is the issuer, that wants to be allowed to make cash redemptions.
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SEC Form N-1A
- A filing with the Securities and Exchange Commission (SEC) that must be submitted by mutual funds, except for insurance company separate accounts and small business investment companies licensed under the United States Small Business Administration. The form is designed to promote effective communication between funds and prospective investors by including information on the fund's fundamental characteristics and investment risks. The information must be presented clearly, so that the average investor, who may not have a strong legal or financial background, can understand it. It must also provide a balanced view of the fund, disclosing both its positives and negatives.
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SEC Form N-2
- A filing with the Securities and Exchange Commission (SEC) that must be submitted by closed-end management investment companies, with the exception of small business investment companies licensed by the Small Business Administration, to register under the Investment Company Act of 1940, and to offer their shares under the Securities Act of 1933. SEC Form N-2 is meant to provide investors with information about closed-end management companies to determine whether they should invest in them.
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SEC Form N-23c-3
- A filing with the Securities and Exchange Commission (SEC) that must be submitted by registered closed-end investment companies or business development companies that make repurchase offers pursuant to Rule 23c-3. On the SEC Form N-23c-3, the company must select whether the notification pertains to a periodic repurchase offer, a discretionary repurchase offer or both.
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SEC Form N-27D-1
- A filing with the Securities and Exchange Commission (SEC) that must be submitted by the depositor or principal underwriter of an issuer of periodic payment plan certificates to indicate whether it has access to enough cash to meet its statutory refund obligations. SEC Form N-27D-1 reports the balance at the beginning of the period, deposits and withdrawals made, interest income earned, realized gains or losses, unrealized gains or losses, and the balance at the end of the period.
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SEC Form N-27E-1
- A filing with the Securities and Exchange Commission (SEC) that must be used by issuers of periodic payment plans to inform holders of periodic payment plan certificates who have missed certain payments within 18 months of the issuance of the certificate of their surrender rights. SEC Form N-27E-1 tells the holder that he or she has a specified amount of time to surrender the plan certificate and receive, in addition to the value of the account on the date the certificate is received, a refund of that portion of the sales charges he or she has paid in excess of 15% of the gross payments under the plan.
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SEC Form N-27F-1
- A filing with the Securities and Exchange Commission (SEC) that must be used by custodian banks for issuers of period plan payments to inform investors holding periodic payment plan certificates of the fees they will pay under the investment and their withdrawal rights. SEC Form N-27F-1 must be sent to all purchasers of plan certificates informing them of details such as the number of regular monthly payments they have made, the total amount deducted for all charges, the percentage of their investment represented by such charges, the total number of payments scheduled to be made over the full term of the plan, and the total charges scheduled to be deducted over that term.
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SEC Form N-3
- A filing with the Securities and Exchange Commission (SEC) that must be submitted by all insurance company separate accounts organized as management investment companies offering variable annuity contracts. SEC Form N-3 is required under the Securities Act of 1933 and the Investment Company Act of 1940, and is meant to provide investors with information about variable annuity contracts so they can determine whether to invest in them.
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SEC Form N-30B-2
- A form filed with the SEC that applies to investment companies (mutual funds). SEC Form N-30B-2 informs the SEC that the company is current with the mailing of periodic and interim reports, such as quarterly reports, to shareholders of mutual funds.
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SEC Form N-30D
- An SEC form that investment companies must complete and have copies sent to their shareholders semi-annually. The report provides investors with performance information every six months, including any events or decisions that significantly affected the funds' performance.
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SEC Form N-4
- A filing with the Securities and Exchange Commission (SEC) that must be submitted by all insurance company separate accounts organized as unit investment trusts offering variable annuity contracts. SEC Form N-4 is required under the Securities Act of 1933 and the Investment Company Act of 1940 and is meant to provide investors with information about variable annuity contracts so they can determine whether to invest in them.
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SEC Form N-54A
- A filing with the Securities and Exchange Commission (SEC) that must be used by business development companies (BDCs) who want to be subject to the provisions of sections 55 through 65 of the Investment Company Act of 1940. These sections deal with the acquisition of assets by BDCs, qualifications of directors, transactions with certain affiliates, changes in investment policy, incorporation of title provisions, functions and activities of BDCs, capital structure, loans, distribution and repurchase of securities, accounts and records, preventing compliance with title and liability of controlling persons.
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SEC Form N-54C
- A form completed by an investment company and filed with the Securities and Exchange Commission in order to withdraw its voluntary election to be regulated as a business development company as defined in Sections 55 through 65 of the Investment Company Act of 1940. The form must be accompanied by a written explanation for withdrawing such as the company's sale, merger or closure.
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SEC Form N-6
- A filing with the Securities and Exchange Commission (SEC) that must be submitted by separate accounts that are unit investment trusts that offer variable life insurance contracts. SEC Form N-6 is designed to provide investors with information that will assist them in making a decision about investing in a variable life insurance contract.
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SEC Form N-6EI-1
- A filing with the Securities and Exchange Commission (SEC) that must be submitted by life insurers that have established separate accounts that are exempt from submitting the notification of registration required by Section 8(a) of the Investment Company Act of 1940. SEC Form N-6EI-1 contains identifying information about the life insurance company as well as information about the separate account such as the date it was established, the specific laws under which it was organized, directors, trustees, and senior officers of the separate account, the name of the separate account's investment adviser, the name of the principal underwriter for the variable life insurance contracts, investment objectives, policies, and techniques, and more.
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SEC Form N-6F
- A filing with the Securities and Exchange Commission (SEC) that must be submitted by a company intending to file a notification of election to be subject to sections 55 through 65 of the Act within ninety days of the date of this filing. The company would be excluded from the definition of an investment company by section 3(c)(1) of the Act, except that it presently proposes to make a public offering of its securities as a business development company. Sections 55-65 deal with acquisition of assets by business development companies, qualification of directors, transactions with certain affiliates, changes in investment policy, incorporation of title provisions, functions and activities of business development companies, capital structure, loans, distrubution and repurchase of securities, accounts and records, and preventing compliance with title.
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SEC Form N-8A
- A filing with the Securities and Exchange Commission (SEC) that must be submitted by an investment company registering under and pursuant to section 8(a) of the Investment Company Act of 1940. SEC Form N-8A contains information on the type of investment company (face-amount certificate company, unit investment trust or management company), whether the registrant's securities are publicly available, total current value of assets, whether the registrant has applied or intends to apply for a license to operate as a small business investment company under the Small Business Investment Act of 1958, and a copy of the registrant's last regular periodic report to its securityholders, if any.
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SEC Form N-8B-2
- A filing with the Securities and Exchange Commission (SEC) that must be submitted by unit investment trusts other than separate accounts that are currently issuing securities, including unit investment trusts that are issuers of periodic payment plan certificates and unit investment trusts of which a management investment company is the sponsor or depositor. SEC Form N-8B-2 contains information about the trust's organization, its securities, the rights of holders, fees, operation, issuance of securities, receipt of payments, purchase and sale of underlying securities, redemption of securities, distributions, reinvestment, records and accounts, and more.
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SEC Form N-8B-4
- A filing with the Securities and Exchange Commission (SEC) that must be submitted by all face-amount certificate companies. The SEC Form N-8B-4 contains information about the registrant's organization, control, voting trusts, concentration of investments, investments in securities, purchase and sale of real estate, borrowing money, purchase and sale of commodities, portfolio turnover, loans, and face amount certificates, along with other items.
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SEC Form N-8F
- A filing with the Securities and Exchange Commission (SEC) that must be submitted by a currently registered investment company that is seeking to deregister. To use the SEC Form N-8F, the fund must have undergone a merger or liquidation, qualify for abandonment of registration, or have become a business development company.
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SEC Form N-CSR
- A form completed by registered management investment companies and filed with the Securities and Exchange Commission following the transmission of annual and semiannual reports to stockholders. The form must be filed within 10 days of sending such reports to shareholders.
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SEC Form N-PX
- A form completed by registered management investment companies and filed with the Securities and Exchange Commission in order to report its proxy voting record for each twelve-month period, ending on June 30 of each year. The report must be submitted not later than August 31. The SEC makes this information available to the public.
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SEC Form N-Q
- A form that is completed by registered investment management companies and filed with the Securities and Exchange Commission in order to disclose its complete portfolio holdings. The SEC Form N-Q must be filed within 60 days of the end of the first and third quarters of each fiscal year.
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SEC Form N-SAR
- An SEC filing that is specific to registered investment management companies, and requires that those companies disclose some financial information (sales of shares, portfolio turnover rate). The information is usually included in the company's shareholder reports.
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SEC Form NSAR-A
- A semi-annual filing with the Securities and Exchange Commission (SEC) that registered investment management companies make at the end of the first six months of their fiscal year as part of their NSAR form filing requirement. The NSAR, which is specific to registered investment management companies, requires those companies to disclose some financial information (i.e. sales of shares, portfolio turnover rate, etc.) included in the company's annual and/or semi-annual shareholder reports.
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SEC Form NSAR-AT
- A semi-annual filing with the Securities and Exchange Commission (SEC) that registered investment companies make as part of their NSAR form filing requirement. This filing is made in lieu of the standard filing at the end of their first six months of a year in which the company is in transition due to changing the date of their fiscal year-end. The NSAR, which is specific to registered investment management companies, requires those companies to disclose some financial information (i.e. sales of shares, portfolio turnover rate, etc.) included in the company's annual and/or semi-annual shareholder reports.
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SEC Form NSAR-B
- A semi-annual filing with the Securities and Exchange Commission (SEC) that registered investment management companies make at the end of their fiscal year as part of their NSAR form filing requirement. The NSAR, which is specific to registered investment management companies, requires that those companies disclose some financial information (i.e. sales of shares, portfolio turnover rate etc.) included in the company's annual and/or semi-annual shareholder reports.
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SEC Form NSAR-BT
- An annual filing with the Securities and Exchange Commission (SEC) that registered investment management companies make as part of their NSAR form filing requirement. This filing is made in lieu of the standard filing at the end of a year in which the company is in transition due to changing the date of their fiscal year-end. The NSAR form, which is specific to registered investment management companies, requires those companies to disclose some financial information (i.e. sales of shares, portfolio turnover rate, etc.) included in the company's annual and/or semi-annual shareholder reports.
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SEC Form NSAR-U
- An annual filing with the Securities and Exchange Commission (SEC) that unit investment trusts (UITs) are required to make at the end of their fiscal year. This type of filing is specific to registered investment management companies and trusts which are required to disclose some financial information (i.e. sales of shares, portfolio turnover rate, etc.) included in the company's annual and/or semi-annual shareholder reports to the SEC.
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SEC Form NT 10-K
- A filing with the Securities and Exchange Commission (SEC) that a company must submit when it is unable to file its 10-K, or similar form, on time. After submission of the SEC Form NT 10-K, the company must then file its 10-K within 15 days. The 10-K is an annual report that provides a comprehensive overview of the company's business activities. This report must be filed within 90 days of the end of the company's fiscal year.
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SEC Form NT 10-Q
- An SEC form required for companies that will not be able to submit their 10-Q filing (for quarterly financial results) by the SEC deadline or in a timely manner. SEC Form NT 10-Q requires the registrant's information and the reason why the 10-Q is delayed. It also provides for application for relief from the deadline.
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SEC Form NT 11-K
- A filing with the Securities and Exchange Commission (SEC) that a company must submit when it is unable to file its 11-K report on time. This is done by completing Form 12b25. The company must then file its 11-K within 15 days of the 12b25 submission.
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SEC Form NT-NSAR
- A filing with the Securities and Exchange Commission (SEC) that a registered investment management company must submit when it is unable to file its NSAR report on time. After submission of the SEC Form NT-NSAR, the company must then file its NSAR within 15 days.
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SEC Form NT15D2
- A form that is a variant of Form 12b-25, which is a notification of a late filing by a reporting company that determines that it is unable to complete a required periodic report when first due without unreasonable effort or expense. In this particular case, a company would have been late in filing a special financial report pursuant to Rule 15-d2 of the Securities Exchange Act of 1934.
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SEC Form PILOT
- A form that is filed with the SEC by self-regulatory organizations (SRO) as an initial operation report or an amendment to an initial operation report, or a quarterly report for pilot trading systems operated by self-regulatory organizations. An SRO is a non-governmental body with regulatory authority over an industry, such as FINRA – the Financial Industry Regulatory Authority.
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SEC Form PRE 14A
- A filing with the Securities and Exchange Commission (SEC) that must be filed by or on behalf of a registrant when a shareholder vote is required on an issue not related to a contested matter or merger/acquisition. SEC Form PRE 14A should provide security holders with sufficient information to allow them to make an informed vote at an upcoming security holders' meeting or to authorize a proxy to vote on their behalf. It includes information about: the date, time and place of the meeting of security holders; revocability of proxy; dissenter's right of appraisal; persons making the solicitation; direct or indirect interest of certain persons in matters to be acted upon; modification or exchange of securities; financial statements; voting procedures; other details.
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SEC Form PRE 14C
- A filing with the Securities and Exchange Commission (SEC) that must be filed by a registrant needing to file a preliminary information statement related to a subject other than a merger, contested solicitation or special meeting. SEC Form PRE 14C provides security holders, who are entitled to vote on issues for which the company is not soliciting proxies, with information required by Schedule 14A. The form also provides information about the interest of certain persons in favor or in opposition to matters to be acted upon and proposals by security holders. The form is required to state that proxies are not solicited.
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SEC Form PRE13E3
- A filing with the Securities and Exchange Commission (SEC) that must be filed by a registrant as a part of proxy materials. Form PRE13E3 contains information regarding a summary of the: transaction's terms; subject company information; identity and background of the filing person; terms of the transaction; past transactions; purpose, effects, fairness and opinions of the transaction; source and amounts of funds to be used in the transaction; interest in securities of the subject company; the solicitation or recommendation; financial statements; persons/assets retained, employed, compensated or used; and additional information and exhibits.
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SEC Form PREC14A
- A filing with the Securities and Exchange Commission (SEC) that must be filed by or on behalf of a registrant when a shareholder vote is required on a contested solicitation. This filing is designed to provide security holders with sufficient information to allow them to make an informed vote at an upcoming security holders' meeting or to authorize a proxy to vote on their behalf. It includes information about: the date, time and place of the meeting of security holders; revocability of proxy; dissenter's right of appraisal; persons making the solicitation; direct or indirect interest of certain persons in matters to be acted upon; modification or exchange of securities; financial statements; voting procedures; and other details.
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SEC Form PREC14C
- A filing with the Securities and Exchange Commission (SEC) that must be filed by or on behalf of a registrant in the event of a contested solicitation. SEC Form PREC14C provides security holders who are entitled to vote on issues for which the company is not soliciting proxies with information required by Schedule 14A, as well as information about the interest of certain persons in or opposition to matters to be acted upon, and proposals by security holders. The form is required to state that proxies are not solicited.
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SEC Form PREM14A
- A filing with the Securities and Exchange Commission (SEC) that must be filed by or on behalf of a registrant when a shareholder vote is required on an issue related to a merger or acquisition. SEC Form PREM14A should provide security holders with sufficient information to allow them to make an informed vote at an upcoming security holders' meeting or to authorize a proxy to vote on their behalf. It includes information about the date, time and place of the meeting of security holders; revocability of proxy; dissenter's right of appraisal; persons making the solicitation; direct or indirect interest of certain persons in matters to be acted upon; modification or exchange of securities; financial statements; voting procedures; acquisition or disposition of property; amendment of charter, bylaws, or other documents; and other details.
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SEC Form PREM14C
- A filing with the Securities and Exchange Commission (SEC) that must be filed by a registrant intending to be part of a merger or acquisition. SEC Form PREM14C applies to security holders who were entitled to vote on issues for which the company was not soliciting proxies. It provides security holders with information required by Schedule 14A as well as information about whether certain persons, such as directors, officers and associates, have an interest in corporate matters that differ from the interest of general shareholders, or intend to oppose action to be taken by the corporation. The form is required to state that proxies are not being solicited.
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SEC Form PRER14A
- A filing with the Securities and Exchange Commission (SEC) that must be filed by or on behalf of a registrant when preliminary proxy materials are revised. SEC Form PRER14A should provide security holders with sufficient information to allow them to make an informed vote at an upcoming security holders' meeting or to authorize a proxy to vote on their behalf. It includes information about the date, time and place of the meeting of security holders; revocability of proxy; dissenter's right of appraisal; persons making the solicitation; direct or indirect interest of certain persons in matters to be acted upon; modification or exchange of securities; financial statements; voting procedures; and other details.
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SEC Form PRER14C
- A filing with the Securities and Exchange Commission (SEC) that must be filed by a registrant wanting to make changes to a previously submitted preliminary information statement. SEC Form PRER14C provides security holders who are entitled to vote on issues for which the company is not soliciting proxies with information required by Schedule 14A. This filing also provides information about the interest of certain persons in favor of or in opposition to matters to be acted upon and proposals by security holders. The form is required to state that proxies are not being solicited.
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SEC Form PRES14A
- A now-obsolete filing with the Securities and Exchange Commission (SEC) that had to be filed when preliminary proxy materials were provided to shareholders with regard to a preliminary special meeting. SEC Form PRES14A was intended to provide security holders with sufficient information to allow them to make an informed vote at an upcoming security holders' meeting or to authorize a proxy to vote on their behalf. It included information about: the date, time and place of the meeting; revocability of proxy; dissenter's right of appraisal; persons making the solicitation; direct or indirect interest of certain persons in matters to be acted upon; modification or exchange of securities; financial statements; voting procedures; other details.
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SEC Form PRES14C
- A now-obsolete filing with the Securities and Exchange Commission (SEC) that had to be filed by a registrant to notify its shareholders when a special meeting was going to be held. SEC Form PRES14C applied to security holders who were entitled to vote on issues for which the company was not soliciting proxies. It provided security holders with information required by Schedule 14A as well as information about whether certain persons, such as directors, officers and associates, had an interest in corporate matters that differed from the interest of general shareholders, or intended to oppose action to be taken by the corporation. The form was required to state that proxies were not being solicited.
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SEC Form PRRN14A
- A filing with the Securities and Exchange Commission (SEC) that must be filed by or on behalf of a registrant when non-management preliminary proxy soliciting materials are revised and a shareholder vote is required. SEC Form PRRN14A should provide security holders with sufficient information about the issue at hand to allow them to make an informed vote at an upcoming security holders' meeting or to authorize a proxy to vote on their behalf. It includes information about the date, time and place of the meeting of security holders; revocability of proxy; dissenter's right of appraisal; persons making the solicitation; direct or indirect interest of certain persons in matters to be acted upon; modification or exchange of securities; financial statements; voting procedures; and other details.
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SEC Form PX14A6G
- A filing with the Securities and Exchange Commission (SEC) that must be filed by or on behalf of a registrant that wishes to send written material to shareholders. SEC Form PX14A6G acts as a cover page for a copy of a letter sent to shareholders outlining reasons why the sending party wants them to vote a particular way - such as voting for particular members of the board of directors or voting against a proposed stock transaction.
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SEC Form S-1
- The initial registration form for new securities required by the Securities and Exchange Commission (SEC) for public companies. Any security that meets the criteria must have an S-1 filing before shares can be listed on a national exchange.
Form S-1 requires companies to provide information on the planned use of capital proceeds, detail the current business model and competition, as well provide a a brief prospectus of the planned security itself, offering price methodology, and any dilution that will occur to other listed securities. The SEC also requires the disclosure of any material business dealings between the company and its directors and outside counsel.
Form S-1 is also known as the "Registration Statement Under the Securities Exchange Act of 1933".
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SEC Form S-11
- A filing with the Securities and Exchange Commission (SEC) that is used to register securities that are issued by real estate investment trusts (REITs) or by those whose business is acquiring or holding real estate for the purpose of investment.
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SEC Form S-2
- A form from the Securities and Exchange Commission (SEC) that served as a simplified registration for the offering of new securities. Only companies that have been reporting to the SEC under the 1934 Act for at least three years without interruption are eligible to use the SEC Form S-2, which allows for the inclusion of previously submitted information regarding their business and financial statements.
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SEC Form S-3
- A simplified security registration form from the SEC, open to use by companies that have met prior reporting requirements. The Form S-3 registers securities under the Securities Act of 1933 for companies that are based in the United States only.
Companies seeking to use the S-3 must have met all reporting requirements listed under sections 12 or 15(d) of the Securities Exchange Act of 1934, which assumes that the company seeking registration already has some form of security filed with the SEC.
The filing of a Form S-3 may occur in advance of an initial public offering (IPO) of common stock.
Form S-3 is also known as the "Registration Statement Under the Securities Exchange Act of 1933".
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SEC Form S-3D
- A filing that publicly-traded companies must submit to the SEC's EDGAR system when they purchase securities on behalf of shareholders as a result of a dividend or interest reinvestment plan. A Company will often propose a dividend or interest reinvestment plan as a convenient and economical way for shareholders to purchase additional shares of its common stock by using the interest and/or dividends they have earned on their existing shares of common stock.
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SEC Form S-4
- A filing with the Securities and Exchange Commission (SEC) by a publically traded company that is used to register any material information related to a merger or acquisition. In addition, the form is also submitted by companies undergoing an exchange offer.
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SEC Form S-4EF
- An SEC filing that is required when forming a savings bank, savings and loan or similar financial institution that issues securities as a result of the investment of its customers' deposits. Savings banks and similar financial institutions are required to file Form S-4EF under SEC General Instruction G and Sections 13(a) and 15(d) of the Securities Exchange Act of 1934.
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SEC Form S-6
- A filing with the Securities and Exchange Commission (SEC), which unit investment trusts use to register securities they issue.
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SEC Form S-8
- A filing with the Securities and Exchange Commission (SEC) that is used by a publically traded company to register securities that will be offered to its employees via benefit or incentive plans.
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SEC Form SB-1
- A filing with the Securities and Exchange Commission (SEC) that is required to be used by issuers with revenues (and public market float) of less than $25 million. SEC Form SB-1 registers offerings of up to $10 million of securities, as long as the company has not registered more than $10 million in offerings during the previous 12 months and current outstanding securities do not total more than $25 million. This form is a simplified version, which requires less detailed information (such as less detailed financial statements, and omission of summary data) about the issuer's business than SEC Form S-1.
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SEC Form SP15D2
- A form that concerns the filing of a special financial report with the SEC, pursuant to Rule 15d-2 of the Securities Exchange Act of 1934. SEC Form SP15D2 comes into play if a company's registration statement did not contain certified financial statements for the registrant's last full fiscal year or for the life of the registrant if less than a full fiscal year.
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SEC Form T-1
- A statement of eligibility for an individual trustee that must be filed with the Securities and Exchange Commission (SEC). The SEC Form T-1 contains basic personal information about the proposed trustee, as well as any affiliations thereof.
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SEC Form T-2
- A statement of eligibility for an individual trustee that must be filed with the Securities and Exchange Commission (SEC). The SEC Form T-2 contains basic personal information about the proposed trustee, as well as any affiliations thereof.
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SEC Form T-3
- An application for the qualification of an indenture that must be filed with the Securities and Exchange Commission (SEC). The SEC Form T-3 must provide the form of business of the applicant, as well as its state of residence. The second part of the application states why the applicant should not have to register the indenture.
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SEC Form T-4
- An application for exemption from certain sections of the Trust Indenture Act that must be filed with the SEC. The application contains a list of the securities that are being exempted, as well as the specific sections of the act that the securities are to be exempt from. Further information pertaining to the trustee and the characteristics of the proposed exempt securities is required, as well.
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SEC Form T-6
- This form must be filed with the SEC to determine whether a foreign person is eligible to act as an institutional trustee. This SEC Form T-6 requires the name and address of the proposed trustee, the company's jurisdiction and address and the name and contact information of the agent for service. Information pertaining to the name and examination of any authorities to which the trustee is subject must also be furnished, as well as any affiliate data.
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SEC Form TA-1
- A form used to apply for or amend registration as a transfer agent. Depending on the type of organization applying, SEC form TA-1 is submitted to one of four regulatory agencies: Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC) or the Securities and Exchange Commission (SEC).
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SEC Form TA-2
- A form completed by transfer agents when submitting its annual report of transfer activities. Information collected on Form TA-2 is used by regulatory bodies for the oversight of transfer agents. Depending on the type of organization, SEC Form TA-2 is submitted to one of four regulatory agencies: Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC) or the Securities and Exchange Commission (SEC).
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SEC Form U-1
- A declaration of intent to sell securities or purchase or sell other assets to the SEC.
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SEC Form U-12-1B
- A statement that must be filed annually with the SEC regarding the actions of employees of registered holding companies.
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SEC Form U-12-IA
- A filing with the Securities and Exchange Commission (SEC) that was was required under the Public Utility Holding Company Act of 1935. The form had to contain information on the registered holding company systems involved, information about the activities of the person filing the statement, direct or indirect compensation that person received for such activities, names of any persons with whom the compensation was being divided, and any expenses incurred during the performance of the stated activities. The SEC used this information to monitor the holdings, financings and operations of the registered public utility system.
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SEC Form U-13-1
- An application that doubles as both a request for approval by the Securities and Exchange Commission (SEC) for any mutual service company, or a declaration of organization and business conduct of a subsidiary service company. The SEC Form U-13-1 requires the company's name, address, contact information and form of organization as well as a listing of any non-utility related business activities. A description of the company's capitalization and security holdings is also required.
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SEC Form U-13-60
- A report that must be filed annually with the SEC by mutual and subsidiary service companies. The SEC Form U-13-60 must contain a complete list of all schedules plus an analysis of all accounts. A complete description of the company's balance sheet and cash flow is also required.
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SEC Form U-13E-1
- A report that must be filed with the Securities and Exchange Commission (SEC) by any affiliate service company or other company that provides services as its primary activity. The report must contain the name, address, form of organization and name of contact individual with the SEC. It must also provide the names and addresses as well as the compensation of all officers and directors of the company.
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SEC Form U-33-S
- An annual report that foreign utility companies must file with the SEC. The SEC Form U-33-S contains the identity, location and business address of the company and a basic description of its facilities. Any debts and financial obligations must be reported as well.
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SEC Form U-3A-2
- A statement that must be filed with the SEC by any holding company that wishes to claim exemption from the Public Utilities Company Holding Act of 1935. The SEC Form U-3A-2 contains the organization's name, state of organization, current location and nature of business. A basic description of all of the properties and equipment, as well as the distribution of energy, is also required.
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SEC Form U-3A3-1
- A one-year statement that banks claiming exemption must file with the SEC.
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SEC Form U-57
- A notification to the Securities and Exchange Commission of status as a foreign utility company. The SEC Form U-57 contains the name and address of the company and a basic description of the facilities, as well as the names and interests of any party that holds more than 5% of any class of voting securities in the company. The name of any domestic company associated with the foreign entity must be listed as well.
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SEC Form U-5S
- A filing with the Securities and Exchange Commission (SEC) that had to be filed annually by every registered holding company. The form had to contain information on the parent holding company and all statutory subsidiaries, number of common shares owned, percentage of voting power and book value of shares, as well as summaries of acquisitions, sales, officers and directors, contributions, contracts, and financial statements. The SEC used this information to monitor the holdings, financings and operations of the registered public utility system.
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SEC Form U-6B-2
- A certificate of notification that must be filed by all public utility holding companies that are issuing or guaranteeing securities. The SEC Form U-6B-2 describes any securities that are issued that are exempt from rule 6(a) of the Public Utility Holding Company Act of 1935. All pertinent information regarding the securities must be supplied, including the number, price, date of issuance and maturity, and rate of interest.
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SEC Form U-7D
- A certificate that summarizes the leasing arrangements of any kind of utility facility by a prospective utility holding company. The SEC Form U-7D contains a breakdown of the cost of the facility, as well as financing terms and a description of the facility itself. The term of the lease must also be included, and estimations or substitutions can be made if definitive information is not yet available.
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SEC Form U-9C-3
- A filing with the Securities and Exchange Commission (SEC) that had to be filed quarterly after a registered holding company acquired shares of an energy-related company. SEC Form U-9C-3 had to contain a list of all gas or energy-related companies held, and the percentage of voting shares held in each, plus summaries of securities details, transactions, aggregate investments and financial statements. The SEC used this information to monitor all energy- and gas-related business activities of registered holding companies.
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SEC Form U-R-1
- An informational form that collects personal and business-related data on solicitors. The SEC Form U-R-1 allows the SEC to determine whether the applicants are in compliance with the provisions of SEC Rule 62. The form takes at least five hours to complete and is required of all utility holding company solicitors.
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SEC Form U5A
- A now-obsolete filing with the Securities and Exchange Commission (SEC) that had to be filed by all public utility holding companies who were required to register under the Public Utility Holding Company Act (PUHCA) of 1935. SEC Form U5A contained the names of all companies held by the registrant and the organizational structure (corporation, LLC, etc.), state of organization and type of business for each company held. The SEC used this information to monitor the holdings, financing and operations of the registered public utility system.
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SEC Form U5B
- A now-obsolete filing with the Securities and Exchange Commission (SEC) that was required to be filed by public utility holding companies. The form contained information on the general character of the business done by the registrant and its subsidiaries, which included: interstate transactions, securities outstanding, funded debt, capital stock, contingent liabilities, investments in system securities, investments in other companies, indebtedness of system companies and more. The SEC used this information to monitor the holdings, financings and operations of the registered public utility system.
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SEC Form X-15AJ-1
- A form that is filed with the SEC as an amendatory and/or supplementary statement to Form X-15AA-1. SEC Form X-15AJ-1 amends Form X-15AA-1, which is an application to the SEC for registration as a national securities association or affiliated securities association by an association of brokers and dealers under Section 15A of the Securities Exchange Act of 1934.
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SEC Form X-15AJ-2
- This form is the "annual consolidated supplement", a form that is filed annually with the SEC by national securities associations and affiliated securities associations. SEC Form X-15AJ-2, the consolidated supplement, must be accompanied by three additional exhibits for SEC review.
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SEC Form X-17A-5
- A financial and operational report form that must be completed by all dealer-brokers registered with the Securities and Exchange Commission (SEC). SEC form X17A-5 consists of three parts, including an annual audit that must be performed by a certified public accountant (CPA).
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SEC MEF Filings
- SEC filings that concern registration of up to an additional 20% of securities for an offering, pursuant to the 1933 Securities Act Rule 462(b). SEC MEF Filings may apply to 1933 Act registration forms S-1, S-2, S-3, S-11, SB-1, SB-2, F-1, F-2 and F-3.
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SEC POS AM Filing
- A filing that is made by companies which have filed for registration with the SEC. SEC Filing POS AM is a filing which has post-effective amendments to provide updated prospectus information.
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SEC Release IA-1092
- A release from the Securities & Exchange Commission (SEC) that provides uniform interpretations of how state and federal advisor laws would apply to people providing financial services.
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SEC RW Filing
- This filing is made by companies which have already filed to register their securities with the SEC under the 1934 Securities Act. This filing is a request to formally withdraw the pending securities registration.
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SEC Schedule 13D
- A report that must be submitted to the Securities and Exchange Commission (SEC) by any person or group who is considered to be a beneficial owner of a company's stock. Beneficial ownership occurs when a person or group acquires more than 5% of a voting class of a company's stock and obtains the power to vote or sell the security. SEC Schedule 13D must be filed with the SEC within 10 days of the purchase which is then forwarded to the issuing company and the exchange where the security is traded.
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SEC Schedule 13E-3
- A schedule that must be filed with the Securities and Exchange Commission (SEC) by a publicly-traded company or an affiliate when that company becomes "private," meaning that the number of shareholders decreases to the point that the company is no longer required to file reports with the SEC and/or is de-listed from a securities exchange. Qualifying events may include a merger, tender offer, a sale of assets or a reverse stock split.
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SEC Yield
- A standard yield calculation developed by the Securities and Exchange Commission (SEC) that allows for fairer comparisons of bond funds. It is based on the most recent 30-day period covered by the fund's filings with the SEC. The yield figure reflects the dividends and interest earned during the period, after the deduction of the fund's expenses. This is also referred to as the "standardized yield."
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Second Chance Loan
- A type of loan associated with subprime lending and borrowers with a tainted credit history. Second chance loans offer a borrower a chance to rebuild their credit history. Although subprime loans might have a typical term-to-maturity (30 years of a mortgage), they are usually intended to be short-term financing vehicles that allow the borrower to repair their credit history to the point where they can refinance into more favorable loan terms. Borrowers must compensate the lender for taking on more risk in lending to them by paying a higher interest rate, thus the incentive for the borrower to refinance as soon as they are able.
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Second Lien Debt
- Debts that are subordinate to the rights of other, more senior debts issued against the same collateral, or a portion of the same collateral. If a borrower defaults, second lien debts stand behind higher lien debts in terms of rights to collect proceeds from the debt's underlying collateral.
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Second Mortgage
- A type of subordinate mortgage made while an original mortgage is still in effect. In the event of default, the original mortgage would receive all proceeds from the liquidation of the property until it is all paid off. Since the second mortgage would receive repayments only when the first mortgage has been paid off, the interest rate charged for the second mortgage tends to be higher and the amount borrowed will be lower than for the first mortgage.
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Second-To-Die Insurance
- A type of life insurance on two people (usually married) that provides benefits to the heirs only after the last surviving spouse dies. This differs from regular life insurance in that the surviving partner doesn't receive any benefits after their spouse dies. Thus, second-to-die insurance is used for estate planning.
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Secondary Beneficiary
- A person or entity that inherits assets under a will, trust or insurance policy if the primary beneficiary dies before the grantor. A secondary beneficiary would also be considered a "contingent beneficiary".
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Secondary Liquidity
- A form of liquidity that is part of an initial public offering when shares are distributed to both retail and institutional players. These secondary parties may then sell the security to other interested buyers, with an exchange typically acting as an intermediary.
Secondary holders, or liquidity providers, often hold fewer shares and provide less liquidity and/or share volume than the initial underwriter.
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Secondary Market
- A market where investors purchase securities or assets from other investors, rather than from issuing companies themselves. The national exchanges - such as the New York Stock Exchange and the NASDAQ are secondary markets.
Secondary markets exist for other securities as well, such as when funds, investment banks, or entities such as Fannie Mae purchase mortgages from issuing lenders. In any secondary market trade, the cash proceeds go to an investor rather than to the underlying company/entity directly.
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Secondary Mortgage Market
- The market where mortgage loans and servicing rights are bought and sold between mortgage originators, mortgage aggregators (securitizers) and investors. The secondary mortgage market is extremely large and liquid.
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Secondary Offering
- 1. The issuance of new stock for public sale from a company that has already made its initial public offering (IPO). Usually, these kinds of public offerings are made by companies wishing to refinance, or raise capital for growth. Money raised from these kinds of secondary offerings goes to the company, through the investment bank that underwrites the offering. Investment banks are issued an allotment, and possibly an overallotment which they may choose to exercise if there is a strong possibility of making money on the spread between the allotment price and the selling price of the securities.
2. A sale of securities in which one or more major stockholders in a company sell all or a large portion of their holdings. The proceeds of this sale are paid to the stockholders that sell their shares. Often, the company that issued the shares holds a large percentage of the stocks it issues.
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Secondary Stock
- A stock that is considered riskier than blue chips because it has a smaller market capitalization.
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Section 1031
- A section of the U.S. Internal Revenue Service Code that allows investors to defer capital gains taxes on any exchange of like-kind properties for business or investment purposes. Taxes on capital gains are not charged on the sale of a property if the money is being used to purchase another property - the payment of tax is deferred until property is sold with no re-investment.
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Section 1035 Exchange
- A tax-free exchange of an existing annuity contract for a new one.
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Section 1041
- A section of the Internal Revenue Code that mandates that any transfer of property from one spouse to another is income tax-free. No deductible loss or taxable gain can be declared. This section applies to transfers during marriage as well as in the divorce process. Section 1041 was enacted in order to simplify the consolidation of marital assets.
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Section 1231 Property
- A tax term relating to depreciable business property that has been held for over a year. Section 1231 property includes buildings, machinery, land, timber and other natural resources, unharvested crops, cattle, livestock and leaseholds that are at least a year old.
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Section 1237 Capital Gain Opportunity
- This is a specific tax credit that allows taxpayers to receive capital gains treatment on the sale of subdivided lots of land. The purpose of the Section 1237 capital gain opportunity is to allow individual taxpayers who are not real estate dealers to escape ordinary tax treatment on the sale of a sublot of land.
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Section 1245
- A part of the IRS code stating that depreciable property that has been sold at a price in excess of depreciated or salvage value may qualify for favorable capital-gains tax treatment.
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Section 1250
- A section of the IRS code stating that a gain from selling real estate that has been subjected to accelerated depreciation should be treated as ordinary income instead of a capital gain.
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Section 1341 Credit
- A tax credit available for taxpayers who are repaid in a later year more than $3,000 in wages from a prior year. Section 1341 allows taxpayers to claim a credit for taxes paid on wages not received from the previous year. The Section 1341 credit thus allows taxpayers to avoid filing an amended return for the previous tax year.
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Section 16
- A section of the Securities Exchange Act of 1934 that is used to describe the various regulatory filing responsibilities that must be met by directors, officers and principal stockholders. According to Section 16, every person who is directly or indirectly the beneficial owner of more than 10% of the company, or who is a director or an officer of the issuer of such a security, shall file the statements required by this subsection with the Securities and Exchange Commission (SEC).
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Section 179
- An immediate expense deduction that business owners can take for purchases of depreciable business equipment instead of capitalizing and depreciating the asset. The Section 179 expensing method is offered as an incentive for small business owners to grow their businesses with the purchase of new equipment.
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Section 988
- A financial transaction involving a capital loss or gain on an investment held in a foreign currency. A Section 988 transaction relates to IRS Section 988, which was applied to all tax years after December 31, 1986. Per IRS rules, most gains from foreign currency transactions are to be treated as ordinary income, whether earned by an individual or a corporation. Gains and losses from these transactions are typically viewed outside of any gain or loss due to exchange rate changes between the U.S. dollar and the foreign currency. 988 Transactions include those surrounding holders of foreign bonds (who will receive interest and principle in a domestically "nonfunctional" currency), foreign currency futures or other derivatives, as well as accrued expenses or receipts in a foreign currency.
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Sector
- 1. An area of the economy in which businesses share the same or a related product or service.
2. A group of securities in the same industry or market.
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Sector Analysis
- A review and assessment of the current condition and future prospects of a given sector of the economy. Sector analysis serves to provide an investor with an idea of how well a given group of companies are expected to perform as a whole.
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Sector Breakdown
- The mix of sectors within a fund or portfolio, typically expressed as a percentage of the equities asset class. Sector designations vary slightly depending on the criteria used, but the most common equity sectors include:
-Industrials/Basic Materials
-Consumer Durables/Staples
-Consumer Cyclicals
-Technology
-Healthcare
-Financials
-Energy
-Utilities
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Sector ETF
- A class of exchange-traded fund that invests in the stocks and securities of a specific sector, typically identified in the fund title. Most sector ETFs focus on U.S.-based stocks, but several will invest globally in an attempt to capture the worldwide performance of the given sector. Assets will be passively managed around an underlying index; several use indexes provided from data services like S&P and Dow Jones. Leveraged sector ETFs are also available, which aim to achieve double the return of the underling index, both on advancing and declining trading days.
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Sector Fund
- A stock mutual, exchange-traded or closed-end fund that invests solely in businesses that operate in a particular industry or sector of the economy. Because the holdings of this type of fund are in the same industry, there is an inherent lack of diversification associated with these funds.
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Sector Rotation
- The action of a mutual fund or portfolio manager shifting investment assets from one sector of the economy to another.
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Secular
- An adjective used to describe a long-term time frame, usually at least 10 years.
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Secular Market
- A market driven by forces that could be in place for many years, causing the price of a particular investment or asset class to rise or fall over a long period of time. In a secular bull market, strong investor sentiment drives prices higher, as there are more net buyers than sellers. In a secular bear market, weak sentiment causes selling pressure over an extended period of time.
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Secure Option ARM
- A type of payment-option adjustible-rate mortgage with a fixed-interest-rate period. The mechanics of a secure option arm are very similar to a payment option arm except that it has a fixed interest rate period similar to fixed period or hybrid ARM. In other words, secure option ARMs have the same monthly payment options as a payment option ARM, including a minimum payment option that is based on a temporary start interest rate that lasts for first one to three months. However, after the expiration of the temporary start interest rate, the secure option ARM has a fixed-interest-rate period similar to a fixed-period or hybrid ARM.
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Secured Bond
- A type of bond that is secured by the issuer's pledge of a specific asset, which is a form of collateral on the loan. In the event of a default, the bond issuer passes title of the asset or the money that has been set aside onto the bondholders. Secured bonds can also be secured with a revenue stream that comes from the project that the bond issue was used to finance.
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Secured Card
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Secured Creditor
- Any creditor or lender that takes collateral for the extension of credit, loan or bond issuance. In the arena of personal finance, the most well-known secured creditors are mortgage lenders whose loans are secured either by a first or second lien on a property.
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Secured Debt
- Debt backed or secured by collateral to reduce the risk associated with lending. An example would be a mortgage, your house is considered collateral towards the debt. If you default on repayment, the bank seizes your house, sells it and uses the proceeds to pay back the debt.
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Secured Note
- A bilateral lending agreement, the note represents a contractual obligation to lend and borrow money at a specified interest rate.
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Securities Act Of 1933
- A federal piece of legislation enacted as a result of the market crash of 1929. The legislation had two main goals: (1) to ensure more transparency in financial statements so investors can make informed decisions about investments, and (2) to establish laws against misrepresentation and fraudulent activities in the securities markets.
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Securities And Exchange Board Of India - SEBI
- The regulatory body for the investment market in India. The purpose of this board is to maintain stable and efficient markets by creating and enforcing regulations in the marketplace.
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Securities And Exchange Commission - SEC
- A government commission created by Congress to regulate the securities markets and protect investors. In addition to regulation and protection, it also monitors the corporate takeovers in the U.S. The SEC is composed of five commissioners appointed by the U.S. President and approved by the Senate. The statutes administered by the SEC are designed to promote full public disclosure and to protect the investing public against fraudulent and manipulative practices in the securities markets. Generally, most issues of securities offered in interstate commerce, through the mail or on the internet must be registered with the SEC.
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Securities Exchange Act Of 1934
- The Securities Exchange Act of 1934 was created to provide governance of securities transactions on the secondary market (after issue) and regulate the exchanges and broker-dealers in order to protect the investing public.
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Securities Fraud
- A type of serious white-collar crime in which a person or company, such as a stockbroker, brokerage firm, corporation or investment bank, misrepresents information that investors use to make decisions. Securities Fraud can also be committed by independent individuals (such as by engaging in insider trading). The types of misrepresentation involved in this crime include providing false information, withholding key information, offering bad advice, and offering or acting on inside information.
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Securities Industry And Financial Markets Association - SIFMA
- An association that represents firms of all sizes in all financial markets in the U.S. and worldwide. SIFMA is committed to enhancing the public's trust and confidence in the markets, delivering an efficient, enhanced member network of access and forward-looking services, as well as premiere educational resources for industry professionals and the investors they serve.
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Securities Industry Regulatory Authority - SIRA
- The former name of a regulatory body consisting of the National Association of Securities Dealers and the New York Stock Exchange Regulation. The Securities Industry Regulatory Authority was formed to govern business practices between securities brokers and the investing public. SIRA aims to reduce the cost inefficiencies of these two regulators operating separately.
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Securities Investor Protection Corporation - SIPC
- A nonprofit corporation created by an act of Congress to protect the clients of brokerage firms that are forced into bankruptcy. Members to the SIPC include all brokers and dealers registered under the Securities Exchange Act of 1934, all members of securities exchanges and most NASD members.
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Securities Lending
- When a brokerage lends securities owned by its clients to short sellers.
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Securities Transfer Association Medallion Program - STAMP
- A verification system used by many different institutions to authorize and guarantee the individual signatures applied to securities requiring transfers.
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Securitization
- The process through which an issuer creates a financial instrument by combining other financial assets and then marketing different tiers of the repackaged instruments to investors. The process can encompass any type of financial asset and promotes liquidity in the marketplace.
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Securitize
- A pooled group of financial assets that together create a new security, which is then marketed and sold to investors. The value and cash flows of the new security are based off of the underlying value and cash flows of the assets used in the securitization process. Companies will securitize illiquid assets into liquid assets in order to increase their overall liquidity and generate immediate proceeds from their assets.
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Security
- An instrument representing ownership (stocks), a debt agreement (bonds) or the rights to ownership (derivatives).
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Security Analyst
- A financial professional who studies various industries and companies, providing research and valuation reports, and making buy, sell, and hold recommendations.
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Security Deposit
- A monetary deposit given to a lender, seller or landlord as proof of intent. Security deposits can be either refundable or nonrefundable, depending on the terms of the transaction. As the name implies, the deposit is intended as a measure of security for the recipient.
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Security Market Line - SML
- A line that graphs the systematic, or market, risk versus return of the whole market at a certain time and shows all risky marketable securities.
Also refered to as the "characteristic line".
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Seed Capital
- The initial capital used to start a business. Seed capital often comes from the company founders' personal assets or from friends and family. The amount of money is usually relatively small because the business is still in the idea or conceptual stage. Such a venture is generally at a pre-revenue stage and seed capital is needed for research & development, to cover initial operating expenses until a product or service can start generating revenue, and to attract the attention of venture capitalists.
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Segment
- A component of a business that is or will generate revenues and costs related to operations. Financial information should be available for a segment's activities and performance and must also be periodically reviewed by the company's management before a decision can be made regarding the amount of capital that will be given to the segment for a particular operating period.
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Segregated Fund
- A type of pool investment that is similar to a mutual fund, but is considered an insurance product. Proceeds received by the insurance company are used to purchase underlying assets, and then shares of the segregated funds are sold to investors.
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Seigniorage
- The difference between the value of money and the cost to produce it - in other words, the economic cost of producing a currency within a given economy or country. If the seigniorage is positive, then the government will make an economic profit; a negative seigniorage will result in an economic loss.
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SEK
- In currencies, this is the abbreviation for the Swedish Krona.
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SEK (Swedish Krona)
- The currency abbreviation for the Swedish krona (SEK), the currency for Sweden. The Swedish krona is made up of 100 öre and is often presented with the symbol kr. The krona, which means "crown" in English, is also known in Sweden as the "spänn" or "kosing".
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Select Mortality Table
- A mortality table which outlines life contingency statistics for a certain period of time. A select mortality table includes mortality data on individuals who have recently purchased life insurance. These individuals tend to have lower mortality rates than individuals who are already insured, due chiefly to the fact that they have most likely just passed certain medical exams required to obtain insurance.
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SelectNet
- An automated trading system that facilitates electronic trading between brokers/dealers who are participants of the system by allowing market makers to send orders directly back and forth to one another. It operates with the exchange logic that when a member receives an order offer, the member can either accept, reject or counteroffer the original offer.
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Self-Amortizing Loan
- A loan for which the periodic payments consist of both principal and interest such that the loan will be paid off by the end of a scheduled term. Assuming the loan is a fixed-rate loan, the amount of each payment and the breakdown of the principal and the interest that comprise each payment can be known in advance. If the loan is an adjustable-rate mortgage, it can still be self-amortizing, but because the interest rate is subject to change, the amount and breakdown of each payment cannot be known in advance.
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Self-Build Insurance
- An insurance policy that provides coverage during the construction of a new home, additional structure, renovation or conversion. Self-build insurance provides financial compensation for setbacks and problems that may occur during the project, such as contractor disputes, accident, injury, death, theft, arson, vandalism and project delays. If the project is being financed with a loan, the lender may require the borrower to purchase self-build insurance.
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Self-Directed RRSP
- A type of RRSP (Registered Retirement Savings Plan) whose owner determines the asset mix held in the trust. An RRSP is a Canadian retirement savings vehicle to which contributions are tax deductible on an annual basis, up to a certain amount. With a self-directed RRSP, an investor can determine the portfolio of investment products in his or her RRSP. Investments that are not RRSP eligible, however, are sill not allowed in a self-directed RRSP.
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Self-Employed
- A situation in which an individual works for himself or herself instead of working for an employer that pays a salary or a wage. A self-employed individual earns their income through conducting profitable operations from a trade or business that they operate directly.
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Self-Employed Person
- An independent contractor or sole proprietor who reports income earned from self-employment. Self-employed persons control who they work for, how the work is done and when it is done.
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Self-Employment Tax
- A tax imposed on self-employed people, who must pay this tax in order to receive social-security benefits upon retirement.
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Self-Regulatory Organization - SRO
- A non-governmental organization that has the power to create and enforce industry regulations and standards. The priority is to protect investors through the establishment of rules that promote ethics and equality.
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Sell
- 1. A recommendation to sell a particular security.
2. The process of liquidating an asset in exchange for money.
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Sell Plus
- An order to sell a stock at a price above the current market price.
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Sell Side
- The retail brokers and research departments that sell securities and make recommendations for brokerage firms' customers.
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Sell To Close
- A phrase used by many brokerages on the street to represent the closing of a long position in option transactions.
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Sell To Open
- A phrase used by many brokerages on the street to represent the opening of a short position in option transactions.
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Sell-Off
- The rapid selling of securities, such as stocks, bonds and commodities. The increase in supply leads to a decline in the value of the security.
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Sell-Out
- When a broker or investor buying stocks has failed to settle the trade in a timely manner and, as a result, the broker can forcibly sell the securities on the investor's behalf.
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Seller
- 1. An individual or entity that exchanges any type of good or service in return for payment.
2. In the option market, the seller is the investor who collects a premium from the buyer in return for taking on the risk associated with holding a short position in an option. The seller of an option is also known as a "writer".
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Seller's Call
- An agreement between a buyer and a seller for a specific grade and quantity of commodity that allows a period of time for the seller to set the price a fixed number of points above (or below) a specified delivery month's futures price.
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Seller's Market
- A market condition characterized by a shortage of goods available for sale.
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Seller's Option
- The right of a forward contract seller to choose some of the specifications of a commodity to be delivered. The choices about the delivered commodity's quality and delivery specifications must fit among the limits imposed by the terms of the contract.
Seller's option can also refer to a put option.
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Seller-Financed Sale
- A transaction where the seller also acts as the lender to the buyer. Seller-financed sales thereby eliminate third-party lenders from the transaction. This type of sale can be used to finance the purchase of a home, business or any other type of property.
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Seller-Paid Points
- Any points paid by the seller of a home for the buyer. Seller-paid points are always deducted by the purchaser of the home. These points are offered as a purchase incentive for the prospective buyer and can provide the buyer with a lower rate as a result.
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Selling Away
- When a broker solicits you to purchase securities not held or offered by the brokerage firm. As a general rule, such activities are a violation of securities regulations.
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Selling Group
- All financial institutions involved in selling or marketing a new issue of debt or equity but not necessarily participating in the underwriting consortium.
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Selling Hedge
- A hedging strategy with which the sale of futures contracts are meant to offset a long underlying commodity position.
Also known as a "short hedge."
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Selling Into Strength
- A proactive trading strategy carried out by selling out of a long or into a short position when the price of the asset being traded is still rising but is expected to reverse in price. Opposite of "buying into weakness".
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Selling Out Of Trust
- A term commonly used in the automobile industry to refer to the selling of a car that has been paid for with a loan and then not using the sale proceeds to pay back the lender. This practice may be engaged in by car dealerships or individuals facing financial difficulty. Normally, if an individual can't make his car payments, the bank takes back the car. When the owner sells the car out of trust and doesn't repay the loan, the bank can't seize the loan collateral (the car).
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Selling, General & Administrative Expense - SG&A
- Reported on the income statement, it is the sum of all direct and indirect selling expenses and all general and administrative expenses of a company.
Direct selling expenses are expenses that can be directly linked to the sale of a specific unit such as credit, warranty and advertising expenses. Indirect selling expenses are expenses which cannot be directly linked to the sale of a specific unit, but which are proportionally allocated to all units sold during a certain period, such as telephone, interest and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, heat and lights.
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Selloff
- The rapid selling of securities, such as stocks, bonds and commodities. The increase in supply leads to a decline in the value of the security.
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Semi-Annual Bond Basis - SABB
- A conversion metric to compare rates on bonds with varying characteristics. Since bonds come with all types of coupon rates and payment frequencies, it's important to be able to find some common measure to compare different types of bonds side-by-side. By using a semi-annual bond basis (SABB), the interest rate of a bond that pays other than semi-annually is converted into its semi-annual equivalent.
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Semi-Strong Form Efficiency
- A class of EMH (Efficient Market Hypothesis) that implies all public information is calculated into a stock's current share price. Meaning that neither fundamental nor technical analysis can be used to achieve superior gains.
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Semi-Variable Cost
- A cost composed of a mixture of fixed and variable components. Costs are fixed for a set level of production or consumption, becoming variable after the level is exceeded. Also known as a "semi-fixed cost."
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Semiannual
- An event that occurs twice in a calendar year.
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Semiconductor
- A materials product - usually comprised of silicon - which conducts electricity more than an insulator but less than a pure conductor, such as copper and aluminum. Semiconductors are usually very small and complex devices, and can be found in thousands of products such as computers, cell phones, appliances, and medical equipment.
Also known as "chips" or "semis".
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Semideviation
- A measure of dispersion for the values of a data set falling below the observed mean or target value. Semideviation is the square root of semivariance, which is found by averaging the deviations of observed values that have a result that is less than the mean. The formula for semideviation is as follows:
Where:
n = the total number of observations below the mean
rt = the observed value
average = the mean or target value of a data set
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Semivariance
- A measure of the dispersion of all observations that fall below the mean or target value of a data set. Semivariance is an average of the squared deviations of values that are less than the mean. The formula for semivariance is as follows:
Where:
n = the total number of observations below the mean
rt = the observed value
average = the mean or target value of the data set
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Senior Bank Loan
- A debt financing obligation issued by a bank or similar financial institution to a company or individual that holds legal claim to the borrower's assets above all other debt obligations. The loan is considered senior to all other claims against the borrower, which means that in the event of a bankruptcy the senior bank loan is the first to be repaid, before all other interested parties receive repayment.
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Senior Convertible Note
- A debt security that contains an option where the note will be converted into a predefined amount of the issuer's shares. A senior convertible note has priority over all other debt securities issued by the same organization.
Since the bondholder receives two benefits not found on a normal bond issue (a call option and first priority for recourse in the event that the issuer goes bankrupt), the amount of interest offered to the bondholder will tend to be lower than on any other bond offered by the same issuer.
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Senior Debt
- A bond or other form of debt that takes priority over other debt securities sold by the issuer.
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Senior Issue
- An issue of bonds, preferred stock or other securities that represents the first priority lien on the issuer's assets or earnings. Senior issues have a higher priority claim on a firm's dividends, interest payments, or in case of a bankruptcy, the value salvaged from a liquidation.
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Senior Loan Officer Opinion Survey on Bank Lending Practices (SOSLP)
- A quarterly survey completed by 75 banks consisting of 53 domestic and 23 foreign branches operating in the United States. The Senior Loan Officer Opinion Survey on Bank Lending Practices (SOSLP) gathers information on how officials feel about policy changes made, possible future policy changes and changes in supply/demand for certain products. The survey is completed in time to be discussed at the quarterly Federal Open Market Committee (FOMC) meetings.
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Senior Security
- A security (usually debt) that, in the event the issuer goes bankrupt, must be repaid before other creditors receive any payment.
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Senkou Span A
- A component of the Ichimoku Kinko Hyo indicator that is used to measure momentum and future areas of support and resistance. Senkou span A is always plotted alongside Senkou span B and the area between the two lines is filled with shaded indicator lines, also known as the cloud, which is used by traders to predict levels of future support/resistance. Senkou span A is calculated by using the following formula:
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Senkou Span B
- A component of the Ichimoku Kinko Hyo indicator that is used to create the 'cloud' of the indicator. Senkou span B is always plotted alongside Senkou span A and the area between the two lines is shaded. The shaded area, known as the cloud, is then used to give traders an idea of future support and resistance. Senkou span B is calculated by using the following formula:
Senkou span B is generally regarded as the slowest moving component of the Ichimoku indicator because it is created by using the greatest number of time periods in its calculation (generally 52 time periods).
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Sensex
- An abbreviation of the Bombay Exchange Sensitive Index (Sensex) - the benchmark index of the Bombay Stock Exchange (BSE). It is composed of 30 of the largest and most actively-traded stocks on the BSE. Initially compiled in 1986, the Sensex is the oldest stock index in India.
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Sensitivity
- The magnitude of a financial instrument's reaction to changes in underlying factors. Financial instruments, such as stocks and bonds, are constantly impacted by many factors. Sensitivity accounts for all factors that impact a given instrument in a negative or positive way in an attempt to learn how much a certain factor will impact the value of a particular instrument.
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Sensitivity Analysis
- A technique used to determine how different values of an independent variable will impact a particular dependent variable under a given set of assumptions. This technique is used within specific boundaries that will depend on one or more input variables, such as the effect that changes in interest rates will have on a bond's price.
Sensitivity analysis is a way to predict the outcome of a decision if a situation turns out to be different compared to the key prediction(s).
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Sentiment Indicator
- A general term used to describe indicators that gauge investor attitudes toward the market.
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Separate Account
- 1. A privately managed investment account opened through a brokerage or financial advisor that uses pooled money to buy individual assets.
2. In the context of variable annuities, these are payments made to an insurance company for the purpose of investing in securities. These securities are kept separate from the insurer's general investments.
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Separate Return
- A separate Form 1040, or a variant thereof, filed by a married taxpayer who is not filing jointly. A separate return is usually filed either by a married couple who are divorcing or by a married couple where one spouse has much higher income and deductions than the other.
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Sequence Risk
- The risk of receiving lower or negative returns early in a period when withdrawals are made from the underlying investments. The order or the sequence of investment returns is a primary concern for those individuals who are retired and living off the income and capital of their investments.
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Sequential Pay CMO
- A type of collateralized mortgage obligation (CMO) in which there are several tranches. Each tranche's holder receives interest payments as long as the tranche's principal amount has not been completely paid off. The senior tranche receives all initial principal payments until it is completely paid off, after which the next most senior tranche receives all the principle payments, and so on.
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Serial Bond
- A bond issue in which a portion of the outstanding bonds matures at regular intervals until eventually all of the bonds have matured. As they mature gradually over a period of years, these bonds are used to finance a project providing regular, level or predictable income streams. Serial bonds are also used to finance projects with regular, level debt payments such as residential developments.
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Serial Bond With Balloon
- A combination of a serial bond issue and a term bond issue. Essentially, the serial bond with balloon has bonds that mature at different intervals throughout the issue's life, and then a large percentage of the bonds (the term bonds) mature in the last year of the issue's term. Alternatively, the bulk of the bonds may mature at the first maturity date with the rest of the bonds gradually maturing over the remainder of the issue's life.
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Serial Option
- A short-term option on a futures contract in which the underlying expires in a forward month. In a serial option, the option expires before the underlying comes to maturity. Exercising the option places the holder in a position of the nearby month futures contract. Usually, the underlying futures will expire in the following month.
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Series 11
- A securities license for sales assistants who also take unsolicited securities orders for customers.
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Series 24
- A securities license entitling the holder to supervise and manage branch activities. Before taking the Series 24 exam, you must have your Series 7 license.
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Series 26
- A securities license entitling the holder to register as a limited principal who supervises and manages sales activities for investment companies and annuities. The multiple choice exam is administered by the Financial Industry Regulatory Authority (FINRA) and candidates must first pass this 110 question exam with a grade of 70% or more in order to qualify for registration as an Investment Company Products/Variable Contracts limited principal.
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Series 27
- A securities license entitling the holder to become a chief financial officer for a FINRA member firm.
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Series 3
- A securities license entitling the holder to sell commodities or futures contracts.
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Series 30
- A securities license entitling the holder to become a futures branch office manager.
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Series 31
- A securities license entitling the holder to sell managed futures (funds).
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Series 39
- A two-hour exam offered by the Financial Industry Regulatory Authority (FINRA) that tests a person's knowledge of how direct participation programs (DPPs) are structured, how to manage registered representatives within a broker/dealer, and the regulatory and fiduciary requirements of the FINRA and the Securities and Exchange Commission (SEC).
The Series 39 exam consists of 95 questions, and a score of 70% or better is required for a passing grade. Qualified individuals can become principals at broker/dealers that deal in or market DPPs, which are typically set up as limited partnerships (LPs). The Series 39 exam is also known as the direct participation program limited registered principal qualification exam.
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Series 4
- A securities license entitling the holder to supervise options sales personnel and compliance issues. Before taking the Series 4 exam, you must have your Series 7 license.
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Series 55
- A securities license entitling the holder to actively participate in equity trading.
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Series 6
- A securities license entitling the holder to register as a limited representative and sell mutual funds, variable annuities and insurance premiums. Holders of the Series 6 license are not permitted to sell corporate or municipal securities, direct participation programs and options.
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Series 63
- A securities license entitling the holder to solicit orders for any type of security in a particular state. This license is required in addition to the Series 7 or Series 6.
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Series 65
- A securities license required by most U.S. states for individuals that act as an investment advisor.
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Series 66
- An exam administered by the Financial Industry Regulatory Authority (FINRA). Successful completion of the Series 66 exam is equivalent to successful completion of both the Series 63 and Series 65 exams.
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Series 7
- A general securities registered representative license administered by the Financial Industry Regulatory Authority (FINRA) that entitles the holder to sell all types of securities products with the exception of commodities and futures.
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Series 9/10
- A securities license entitling the holder to supervise branch activities. Before taking the Series 9/10 exam, you must have your Series 7 license.
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Series A Financing
- The first round of financing undergone for a new business venture after seed capital. Generally, this is the first time that company ownership is offered to external investors. Series A financing, may be provided in the form of preferred stock, and may offer anti-dilution provisions in the event that further financing through preferred or common stock occurs in the future.
Also known as "A round" or "A round financing".
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Series E Bond
- Accrual bonds that were issued at 75% of the face amount. Interest is paid at redemption as part of the redemption value. Series E Bond interest is reportable for Federal income tax purposes for the year in which the Series E Bonds are redeemed, reach final maturity or are otherwise disposed of, whichever occurs earliest. Replaced with Series EE Bond in 1980.
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Series EE Bond
- A non-marketable, interest-bearing U.S. government savings bond that is guaranteed to at least double in value over the initial term of the bond, typically 20 years. Most Series EE bonds have a total interest-paying life that extends beyond the original maturity date, up to 30 years from issuance.
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Series HH Bond
- A 20-year non-marketable U.S. government savings bond that pays semi-annual interest based on a coupon rate. This coupon is locked in at a fixed rate for the first 10 years, after which it is reset by the U.S. Treasury for the rest of the bond's life. Interest on Series HH bonds is exempt from state and local - but not federal - taxes.
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Series I Bond
- A non-marketable, interest-bearing U.S. government savings bond that is a combination of two separate rates:
1) Fixed Interest Rate
2) Variable Inflation Rate (adjusted semiannually)
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Serious Delinquency
- When a single-family mortgage is 90 days (or more) past due and the bank considers the mortgage in danger of default. Once a mortgage is in default, a lender typically initiates foreclosure proceedings.
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Service Certificates
- Bond-like certificates that promised payments at maturity date to World War I (WWI) veterans. Service certificates were granted to WWI veterans under the Adjusted Service Certificate Law in 1924, which promised "bonus" payments to eligible soldiers redeemable in 1945. Service certificates had a face value like a bond and the promised payment at maturity included compound interest.