A Glossary of Colloquial, Slang and Technical Terms in Use on the Stock Exchange and in the Money Market

by Alexander Johnstone Wilson

This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1895 edition. ... a certain sum of money annually, for a fixed period of years, to the company carrying on the business. These grants are called "subsidies." Subvention.--Practically equivalent to Subsidy. Take the Rate, To--See Contango. Tars.--Tharsis Copper Mining Company Shares. Tender.--A method of receiving applications for stock of a new loan usually adopted by Colonial Governments and by British municipal authorities. An issue of a 4 per cent. stock is announced at a minimum price of, say, 104, but tenders up to any price an applicant may think proper are received, with the result that often, by clever engineering, a very high price is obtained for the issue. Tilbury.--London, Tilbury, & Southend Railway. 194 TRANSFER Transfer--As a verb means that the owner of a security has handed on the ownership thereof to someone else. When a holder of London & North-Western Railway stock sells his stock, it has to be "transferred" in the books of the company from the name of the seller to that of the buyer. The document in which this change is effected is called a " transfer," and has to bear a stamp proportioned to the amount or market value of the stock transferred. Both buyer and seller have to sign this document in the presence, in England, Ireland, and Wales, of one witness; in Scotland two are often necessary. The paper is then forwarded to the offices of the company, whose registrar effects the changes in the books which transfer the ownership. On doing this a "certificate" (g.v.) is issued to attest the fact that the purchaser is now the owner of so many shares or of so much "stock" in the company. Transfer, Blank.--A deed of transfer in which no buyer's name is inserted, but which has been executed, i.e. signed and witnessed by the seller, is called...

32 pages, Paperback

First published September 12, 2013

About the author

Scottish financial writer on banking.
AKA A.J.W. on Fraser's Magazine, A.J. Wilson.