value of securities
71par value — face value; nominal value The nominal price of a share or other security. If the market value of a security exceeds the nominal price it is said to be above par; if it falls below the nominal price it is below par. Gilt edged securities are… …
72Monthly Income Preferred Securities - MIPS — Shares that are an interest in a limited partnership existing solely for the purpose of issuing preferred securities and lending the proceeds of the sales to its parent company. MIPS usually have a $25 par value, NYSE listing and cumulative… …
73Quarterly Income Preferred Securities - QUIPS — Shares that are an interest in a limited partnership that exists solely for the purpose of issuing preferred securities and lending the proceeds of the sales to its parent company. They usually have a $25 par value, NYSE listing and cumulative… …
74Wachovia Hybrid and Preferred Securities (WHPPSM) Indicies — Market capitalization weighted indicies designed by Wachovia to measure the performance of the U.S. preferred shares in addition to five other specialized indecies. The Wachovia Hybrid and Preferred Securities (WHPS) Aggregate Index consist of… …
75Reverse convertible securities — Reverse convertible security or reverse convertible is a short term note linked to an underlying stock. The security offers steady stream of income due to the payment of a high coupon rate. At maturity, the investor will receive either 100% of… …
76netasset value — net asset value n. The market value of all securities owned by a mutual fund, minus its total liabilities, divided by the number of shares issued. * * * …
77nominal value — book or par value, as of securities; face value. [1900 05] * * * …
78British Empire Securities and General Trust — (lse|BTEM) is a large British investment trust dedicated to investments in companies trading at a discount to Net Asset Value. Established in 1889, the company is a constituent of the FTSE 250 Index. The Chairman is Strone Macpherson.References*… …
79Trust Preferred Securities - TruPS — A security similar to debentures and preferreds that is generally longer term, has early redemption features, makes quarterly fixed interest payments, and matures at face value. TruPS have been created by companies for their favorable accounting… …
80net asset value — the price of a share in a mutual fund, equal to the total value of the fund s securities divided by the number of shares outstanding. Abbr.: NAV. * * * …
