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No action letter |
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No action letterA letter from the Securities and Exchange Commission agreeing that the Securities and Exchange Commission will take no civil or criminal action against a party, regarding a specific activity.No action letter Similar MatchesClosing transactionClosing transactionApplies to derivative products. Buy or sell transaction that eliminates an existing position (selling a long option or buying back a short option). Antithesis of opening transaction. Corporate actionsCorporate actionsThis rather grand term refers to various things that companies can do which affect the number of shares in issue. Examples are:TakeoversBonus/scrip issuesShare SplitsBuybacksRights issuesConsolidationsMost corporate actions will in some way change the number of shares you have, or the ratio of your holding to the total number in issue, or the acquisition cost of your shares for tax purposes. ContractionContractionEconomic contraction Shared equity transactionShared equity transactionA transaction in which two buyers purchase a property, one as a resident co-owner and the other as an investor co-owner. Transaction costTransaction costOn the foreign exchange markets, this includes broker's fees and/or the bid/ask spread. Further SuggestionsFractional Brownian MotionReorg (or Corporate Action or Reorganization) Net sales transaction Transaction account Net transaction exposure Call to Action Highly leveraged transaction (HLT) Round trip transactions costs Transaction exposure Class action Transactions costs Autonomous transaction Transaction loan Actionable subsidy Taxable transaction Opening transaction Economic contraction Transaction Fractional discretion order Net transaction Riskless transaction Interfund transactions Transaction fee Contractionary Transaction tax |
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