1. ……… receipt is issued by an approved depository to a clearing corporation on behalf of an investor evidencing ownership of the underlying call, interest, stock or bond; upon assignment, the depository agrees to deliver the underlying property to the clearing corporation against the aggregate assignment value. A credit An escrow A retainer A trustee [...]
Archive for the ‘Business English Lesson – Advanced Level’ Category
Fire Insurance
September 24th, 2009
onlyyou 1. If insurance data suggests that a serious fire is likely to occur once in 25 years, then the ……… rate of occurrence is 1/25 = 0.04. annualized average expanded extrapolated 2. Here’s something to consider for those of you who may be selling covered calls on stocks you already own: some folks are reluctant [...]

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