Election Period
The period of time during which the holder can elect to extend and extendible bond, or to retract a retractable bond.
Cargo
Goods being transported.
Closing sale
A transaction in which the seller's intention is to reduce or eliminate a long position in a stock, or a given series of options.
Mark Berch:Contingent
In context of liabilities, those liabilities that do not yet appear on the balance sheet (ie. guarantees, supports, lawsuit settlements). For support or recourse, the trigger may occur at any time in the future.
Morgan Stanley REIT Index
A capitalization-weighted benchmarkindex of the most actively traded real estate investment trusts (REITs), designed to measure real estate equity performance.
Umbrella personal liability policy
A liability insurance policy that provides protection against damages not covered by standard liability policies, such as large jury awards in lawsuits. Mark Berch
Unlimited liability
Full liability for the debt and other obligations of a legal entity. The general partners of a partnership have unlimited liability.
