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Back on the shelf |
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Back on the shelfIn the context of general equities, permanently canceledcancele../../finance-glossary/canceledin a canceled by a customer. See: canceled.Back on the shelf Similar MatchesShelf offeringShelf offeringOffering of registered securities covered by a prospectus whose distribution is not underwritten on a firm commitment basis. The shares may be sold in one block or in small amounts from time to time in agency or principal transactions. See: Rule 415. Shelf lifeShelf lifeThe length of time that a good can be stored while still remaining useful enough to sell. Important for both perishable goods and goods that may become obsolete for reasons of technology or fashion. Relevant for international trade when, for example, customs procedures cause delays. Shelf registrationShelf registrationA procedure that allows firms to file one registration statement covering several issues of the same security. SEC Rule 415, adopted in the 1980s, allows a corporation to comply with registration requirements up to two years prior to a public offering of securities. With the registration "on the shelf," the corporation, by simply updating regularly filed annual, quarterly, and related reports to the SEC, can go to the market as conditions become favorable with a minimum of administrative preparation and expense. |
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