Block house

Similar financial terms

Blockholder
The holder of a significant stake of a the ownership shares.

Block trade
A large trading order, defined on the New York Stock Exchange as an order that consists of 10,000 shares of a given stock or a total market value of $200,000 or more.

Block voting
A group of shareholders banding together to vote their shares in a single block.

Blocked currency
A currency that is not freely convertible to other currencies due to exchange controls.

Inverted block rate
A cost structure for energy in which each additional block or unit of energy above a given level is charged at a higher rate than preceding blocks. Inverted block rates are most commonly applied to energy delivered to clients who require large portions of their energy during peak demand periods when energy costs are typically higher, or when additional system capacity has to be brought online to meet that client's needs.

Wire house
A firm operating a private wire to its own branch offices or to other firms, commission houses or brokerage houses.

Trade house
A firm which deals in actual commodities.

Public warehouse
Warehouse operated by an independent warehouse company on its own premises.

Clearing House Automated Payments System (CHAPS)
A computerized clearing system for sterling funds that began operations in 1984. It includes 14 member banks, nearly 450 participating banks, and is one of the clearing companies within the structure of the Association for Payment Clearing Services (APACS).

Clearing House Interbank Payments System (CHIPS)
An international wire transfer system for high-value payments operated by a group of major banks.

Clearing House
An adjunct to a futures exchange through which transactions executed its floor are settled by a process of matching purchases and sales. A clearing organization is also charged with the proper conduct of delivery procedures and the adequate financing of the entire operation.

Commission house
A firm which buys and sells future contracts for customer accounts.

Household income
The total level of income earned by all the households in the economy. This will be a significant part of the overall level of National Income.

Licensed Warehouse
A warehouse approved by exchange from which a commodity may be delivered on a futures contract.