(finance) trading in unlisted securities, or listed securities trade outside the stock market ( see the tertiary market and block-trading market). The characteristic of over-the-counter transactions is the direct negotiation between the owner of the financial asset or his representative and the buyer.
(commercial law) issued only by joint-stock corporations, limited partnerships with share capital, and limited liability cooperatives. A share represents an equity investment with equal par value in the share capital and objectively grants equal rights and powers (administrative and proprietary) to the owner in proportion to the relative number of shares owned.
(finance) stock market contract according to which a party, called the writer, or seller sells to another, called buyer, against payment of a price called a premium, the right to purchase or sell a specific quantity of real or financial assets by or on a certain future date, at a certain price, called, the strike or exercise price.
(accounting) the positive result of normal operations. It may also be called operating result or operating income. Formally speaking, it is the difference between the revenues and costs of normal operations. This indicator is crucial to understanding whether the company can meet its financial commitments.
see Short and long positions.
see Benchmark.