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Piece

Definition:

Apply mainly to convertible securities. Increment of bonds that trade in portions of $1000 minimum. Not all bonds can be traded in "pieces," and the increments can vary.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Clean-up merger

Consolidation of the acquired firm into the acquiring firm after the merger. Also called take-out merger.

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