Super Finance Glossary

Over 10,000 financial glossary terms...

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Browsing by the letter "S"

Displaying next 100 results of 891
Seasoned Issue
Definition: Issue of a security for which there is an existing market. Related: Unseasoned issue.
Seasoned New Issue
Definition: A new issue of stock after the company's securities have previously been issued. A seasoned new issue of common stock can be made using a cash offer or a rights offer.
Seat (Instrument On Exchange)
Definition: An instrument granting trading privileges on an exchange. A seat may also represent an ownership interest in the exchange.
Seat (On Exchange)
Definition: Position of membership on a securities or commodity exchange, bought and sold at market prices.
SEC Fee
Definition: Small fee the SEC charges to sellers of equity securities on an exchange.
Secert Ballot
Definition: In the context of corporate governance, this is also known as confidential voting. An independent third party or employees sworn to secrecy are used to count proxy votes, and the management usually agrees not to look at individual proxy cards. This can help eliminate potential conflicts of interest for fiduciaries voting shares on behalf of others, or can reduce pressure by management on shareholder-employees or shareholder-partners.
Second Home
Definition: A residence that is not one's principal (primary) residence; for example, a vacation home. See also "primary residence."
Second Market
Definition: The OTC market.
Second Mortgage
Definition: Similar to a "mortgage." See "second mortgage" under "mortgage."
Second Mortgage Lending
Definition: Loans secured by real estate previously pledged in a first mortgage.
Second Pass Regression
Definition: A cross-sectional regression of portfolio returns on betas. The estimated slope is the measurement of the reward for bearing systematic risk during the period analyzed.
Second Round
Definition: Stage of venture capital financing following the start-up and first round stages and before the mezzanine level stage.
Second-preferred Stock
Definition: Preferred stock issue that has less priority in claiming dividends and assets in liquidation than another issue of preferred stock.
Second-to-die Insurance
Definition: Insurance policy that, on the death of the spouse dying last, pays a death benefit to the heirs that is designed to cover estate taxes.
Secondary Distribution/offering
Definition: Public sale of previously issued securities held by large investors, usually corporations or institutions, as distinguished from a primary distribution, where the seller is the issuing corporation. The sale is handled off the NYSE, by a securities firm or a group of firms, and the shares are usually offered at a fixed price related to the current market price of the stock.
Secondary Issue
Definition: (1) Procedure for selling blocks of seasoned issues of stocks. (2) More generally, sale of already issued stock.
Secondary Market
Definition: The market in which securities are traded after they are initially offered in the primary market. Most trading occurs in the secondary market. The New York Stock Exchange, as well as all other stock exchanges and the bond markets, are secondary markets. Seasoned securities are traded in the secondary market.
Secondary Mortgage Market
Definition: Buying and selling existing mortgage loans, which are often pooled and traded as mortgage-backed securities.
Secondary Offering
Definition: An IPO in which privately held shares in a corporation are sold to the public.
Secondary Stocks
Definition: Stocks with smaller market capitalization, less quality and more risk than blue chip issues that behave differently than larger corporations' stocks.
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