Examlex
To access the general journal when you are working in the Payables module window -
Gross Spread
The difference between the underwriting price received by the issuer of securities and the price at which the securities are sold to the public.
Oversubscription Privilege
A right given to current shareholders to purchase more shares of a new issue before it is offered to the public, usually at a discount.
Standby Privilege
A feature that may accompany preferred shares or bonds, allowing the holder the right to purchase additional shares at a fixed price.
Open Offer
An invitation by a company to its shareholders to purchase additional shares directly from the company at a specified price.
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