Special drawing rights (SDR)
A form of international reserve assets, created by the IMF in 1967, whose value is based on a portfolio of widely used currencies. |
Similar financial terms
SpecialistOn an exchange, the member firm that is designated as the market maker (or dealer for a listed common stock). Only one specialist can be designated for a given stock, but dealers may be specialists for several stocks. In contrast, there can be multiple market makers in the OTC market.
Special dividend
Also referred to as an extra dividend. Dividend that is unlikely to be repeated.
Special sauce
We can thank McDonald's for this one. It's used to refer to anything proprietary.
Specialty fund
A mutual fund that concentrates its investments on a specific industrial or economic sector or a defined geographical area.
Specialist System
A type of trading commonly used for the exchange trading of securities in which one individual or firm acts as a market-maker in a particular security, with the obligation to see that trading in that security is fair and orderly by offsetting temporary imbalances in supply and demand by trading for his own account.
Rights issue
An new share issue to existing shareholders giving them the right to buy new shares at a predetermined price.
Issuance of "rights" to current shareholders allowing them to purchase additional shares,usually at a discount to market price. Shareholders who do not exercise these rights are usually diluted by the offering. Rights are often transferable, allowing the holder to sell them on the open market to others who may wish to exercise them. Rights offerings are particularly common to c ...
With rights
Purchase of shares in which the buyer is entitled to the rights to buy shares in the company's rights issue.
Voting rights
The right to vote on matters that are put to a vote of security holders. For example the right to vote for directors.
Rights-on
Shares trading with rights attached to them.
Property rights
Rights of individuals and companies to own and utilize property as they see fit and to receive the stream of income that their property generates.
Liquidation rights
The rights of a firm's securityholders in the event the firm liquidates.
Cum rights
With rights.
