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Tip of the Day Be Patient

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Cash Transaction

Cash Transaction - A cash transaction is a transaction that is directly involved in the immediate exchange of cash for an asset such as shares, stocks, bonds, preferred stocks, common stocks or other financial securities. This cash transaction is the exact opposite of a futures contract, which generally involves the exchanges of some type of asset, financial securities, later, and through a set price. A futures contract requires a transferable exchange-trade contract for the delivery of a commodity at a specific price on a specific day, with no three-day grace period, and with the understanding that dollars gained or lost are equal, but opposite in these transactions.

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Definition of the Day Mutilated Security

Mutilated Security - Mutilated Security is a damaged security that prevents a person from identifying the original issuer of the security or other necessary identifying information. If a seller is seeking to transfer the mutilated security, certain steps will have to ensure the buyer that the security is able to...

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