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Ten Day Rule |
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Ten Day RuleThe New York Stock Exchange rule permitting member firms (brokers) to vote in favor of management ten days or less before the meeting, provided that the member firm mailed proxy material to beneficial owners at least 15 business days before the meeting. The rule allows many shares to be voted, which would otherwise not be, to reach a quorum, approve the choice of directors and auditors and handle other routine matters. This rule does not apply to banks, their nominees or their depository positions, nor to non-routine proposals such as approval for the corporation to issue more shares.Ten Day Rule Similar MatchesRule of lawRule of lawA legal system in which rules are clear, well-understood, and fairly enforced, including property rights and enforcement of contracts. Specificity ruleSpecificity ruleThe principle that the optimal policy for correcting a distortion is one that deals most directly, or specifically, with that distortion. Rule lOb 5Rule lOb 5An SEC rule that prohibits trading by insiders on material nonpublic information. This is also the rule under which a company may be sued for false or misleading disclosure. Net present value ruleNet present value ruleAn investment is worth making if it has a positive NPV Projects with negative NPVs should be rejected. Quote ruleQuote ruleRule requiring market makers to publish quotations for any listed security when a quotation represents more than 1% of the aggregate trading volume for that security. Further Suggestionsprudent man ruleRules of origin Rules of fair practice Rule 144a Rule 14 d Securities and Exchange Commission Rules 20% cushion rule Rules-based trade policy Rule 415 Friedman rule Tick test rules Income exclusion rule Suitability rules rule of 113 Uptick rule Five percent rule Uniform Rules for Collections Prudent man rule Rule 144 Discounted payback period rule Administrative pricing rules Short sale rule Allocation of income rules Variance rule Three steps and a stumble rule |
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